tech π€ Nvidia's massive $500B AI chip funding plan
Nvidia announced a huge $500 billion commitment plan involving financial giants to build AI data centers. This initiative is backed by Nvidia to create a secondary market for older GPUs. The company guarantees that if collateralized chips lose value, Nvidia will cover up to 25% of the loss. This move aims to sustain demand for Nvidia hardware even as older models age. Success could secure new funding sources as current AI growth potentially cools down. π€