POPA Recon📣 [Adposts] The era of AI chips USD.AI, approximately $98M new GPU mortgage execution
📣 [Adposts] The era of AI chips USD.AI, approximately $98M new GPU mortgage execution The loan was offered to Duos Edge AI, a subsidiary of Nasdaq-listed Duos Technologies Group. The loan will be used to purchase 2,304 Nvidia B300 GPUs, which were set as collateral. The loan will mature for three years, with USD.AI securing an annual interest income of 12%. Of the total loan, $84.1M was deposited in escrow accounts. The funds will be phased in after GPU installation and normal operation are confirmed, generating interest of 7% per annum during the deposit period. In addition, USD.AI will s…
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