AI & Enterprise
Nvidia provides financial guarantees to AI cloud firms and takes share of revenue
Nvidia is providing financial guarantees to small cloud companies that make a living by renting out its GPUs, and in return is sharing in some of their revenue, The Information reported on Tuesday. Nvidia has promised to buy back unsold inventory if the cloud firms cannot lease their GPUs, in exchange for a share of revenue. The share Nvidia takes declines over the contract period, the report said.
