Nvidia’s (NVDA) AI chips have fueled a new debt market, and famed short seller Jim Chanos is flagging its risks.
Emerging AI cloud computing companies looking to rival Big Tech in the market for artificial intelligence have secured large loans backed by the $5 trillion chipmaker’s graphics processing units (GPUs), using that capital to buy more AI chips to scale up their operations. The firms lease ****** e in data centers, fill them with AI hardware, and rent out computing power from that hardware for tech companies to train and run artificial intelligence models.
Four firms in the growing