RUM Group strikes $13.7 billion AI chip deal with US cloud customer

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1. 1RUM Group (RUM), the operator of Truth Social, has signed an AI chip deal worth approximately $13.7 billion with an undisclosed US cloud customer
2. 2The customer will purchase GPU services three times over six years and receive an option to buy around 51 million shares at one cent per share
3. 3The services will be provided from a site under development in Maysville, Georgia, and the company will fund the deal through debt or equity

Source Reuters +3 · View original ↗

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