Nvidia has a new way to sell more AI chips: help customers buy them

GMI Cloud founder and CEO Alex Yeh. GMI Cloud Nvidia is backstopping loans for neoclouds to fund massive AI buildouts. GMI Cloud has committed $500 million in capital expenditures under the new model. Nvidia's partnership strategy has previously sparked debate about "circular financing." Earlier this year, the AI startup Fireworks AI wanted to rent hundreds of millions of dollars' worth of AI compute. Rather than buying massive clusters of Nvidia's AI chips, known as GPUs, or renting from…