Sharon AI, a cloud service company from Australia, has obtained a loan of $356 million. This loan is unique because it is backed by their graphics processing units (GPUs), which are powerful computer chips used for processing graphics and data. This move is part of a trend where cloud companies are borrowing money to help grow their businesses by using their technology and customer contracts as security for the loan. The loan will have an interest rate, but the article does not specify what that rate is.
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