‘Neocloud’ Crusoe to buy $400 million worth of AMD chips for AI data centers

Crusoe CEO Chase Lochmiller said on Thursday the artificial intelligence data center builder planned to purchase roughly $400 million worth of AI chips from Advanced Micro Devices to add to its portfolio of computing power.

The cloud computing startup is aiming to build a data center – or cluster – to house the AMD AI chips in the U.S. and will rent them to customers for building AI models and running applications. Crusoe plans to purchase roughly 13,000 MI355X chips and use a liquid cooling system.

The chips will be housed in a single facility that…