PaleBlueDot AI Seeks $600 Million Private Credit for South Korea Chip Site

PaleBlueDot AI is in talks with potential lenders including Brookfield Asset Management for about $600 million in private credit to buy chips for a site in South Korea, according to people familiar with the matter. The discussions would add another large debt package to the fast-growing market for AI infrastructure finance, where GPUs, data centers and power capacity are increasingly being underwritten as core assets rather than ordinary technology spending.