GMI Cloud Secures $668M to Expand GPU Infrastructure Across the [...]


GMI Cloud Secures $668M to Expand GPU Infrastructure Across the U.S. and Asia


GMI Cloud Secures $668M to Expand GPU Infrastructure Across the U.S. and Asia

📅 - GMI Cloud has announced $668 million in financing to expand its AI infrastructure and inference services. The package comprises a $223 million Series B equity round led by AI and robotics investment firm ARCHIV, with participation from NVIDIA, and a $445 million credit facility led by CTBC.

Other investors include DSC Investment, Trend Micro, KB Investment, Kyobo Life, and KT Corporation.

The funding will support additional GPU capacity in the United States, Taiwan, and Southeast Asia, alongside inference platform development and hiring. The expansion builds on GMI Cloud's Taiwan AI Factory and its previously announced sovereign AI initiative in Japan.

The company reports contracted [...][... Check source for end of article ...]
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