Indonesian AI infrastructure platform Zankore, backed by NVIDIA, signed a $3.1 bln loan on Wednesday to purchase advanced GPUs. The facility was underwritten by Citigroup, ING, Natixis, Qatar National Bank and UOB, with Citigroup as sole debt advisor, and ranks among Asia’s largest AI infrastructure financings. GPU financing is emerging as the next frontier for AI lenders, with banks and private-credit firms moving beyond data centers to finance hardware; bank-led deals in Asia have been scarce

Indonesian AI infrastructure platform Zankore, backed by NVIDIA, signed a $3.1 bln loan on Wednesday to purchase advanced GPUs. The facility was underwritten by Citigroup, ING, Natixis, Qatar National Bank and UOB, with Citigroup as sole debt advisor, and ranks among Asia’s largest AI infrastructure financings. GPU financing is emerging as the next frontier for AI lenders, with banks and private-credit firms moving beyond data centers to finance hardware; bank-led deals in Asia have been scarce amid uncertainty over chip residual values and US–China tech geopolitics.