PaleBlueDot AI, a US-based AI firm, is looking for a loan of $300M to fund the purchase of Nvidia (NVDA) chips to use in Japan by a Chinese client, Kari Soo Lindberg of Bloomberg reports, citing people familiar with the matter. JPMorgan (JPM) has been involved in preparing marketing materials for lenders, but it is possible the bank will not take a role in the deal. The chips would be used in a Tokyo-based data center and the end-user client would be Xiaohongshu, China’s lifestyle social media platform, the sources added.
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