Sources: US-based PaleBlueDot AI is seeking $600M in private credit to buy chips for its South Korea site, to be used by Chinese social media app Xiaohongshu (Megawati Wijaya/Bloomberg)
PaleBlueDot AI is trying to finance chip purchases through private credit for a Korean facility tied to Xiaohongshu use.
The report says the US-based company is seeking $600 million. The chips would be bought for its South Korea site. The planned capacity is for Xiaohongshu, the Chinese social media app. Techmeme's note
The report says the US-based company is seeking $600 million. The chips would be bought for its South Korea site. The planned capacity is for Xiaohongshu, the Chinese social media app. Techmeme's note
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