Cloud providers reportedly demand larger prepayments for AI infrastructure
The Information reports that lenders also charge more to finance capacity for less-proven customers. The startup behind AI assistant Instinct is in talks to raise $1 billion, the outlet says.
TLDR
The cost of securing AI infrastructure is reshaping startup financing, The Information reports. Cloud providers are demanding larger prepayments, while lenders charge more to finance capacity for less-proven customers. The outlet also reports that the startup behind AI assistant Instinct is in talks to raise $1 billion.
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