Mentioned:
TensorWave wants to install tens of thousands of AMD’s GPUs at Fermi’s data centre in Texas. And now, AMD is providing the credit support to help complete the deal.
What’s happening:
- Fermi (NASDAQ: FRMI) has landed a credit support agreement from AMD (NASDAQ: AMD) for the 222 megawatt first phase of their Project Matador data centre campus in Texas
Why it matters:
- The credit support agreement from AMD backstops Fermi’s initial lease deal at Project Matador
Going deeper:
- Fermi previously made waves when they signed a 15 year deal with TensorWave for hosting artificial intelligence workloads worth approximately $6.5B USD
- TensorWave plans to deploy tens of thousands of AMD’s Instinct GPUs for both artificial intelligence training and inference compute at Fermi’s Project Matador data centre campus
The fine print:
- The exact size and terms of AMD’s credit support agreement have not yet been publicly disclosed
