AI Firm Plans Private Credit Fund for Servers With Nvidia Chips
- UK firm seeks to raise up to $50 million for server cluster
- Asia faces a shortage of computing power amid an AI boom
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A British artificial intelligence startup plans to launch a private credit fund to buy servers outfitted with high-powered Nvidia Corp. chips to be used by companies in Asia.
In its first foray into private credit, Venture Hub, a UK-based AI company operated by ANC Research & Development Ltd., seeks to raise up to $50 million to buy servers using Nvidia H200 graphic processing units, director and founder Alex Cheung told Bloomberg News in an interview Monday.