[GMI Cloud Completes $668 Million Financing, NVIDIA Participates] According to a report by PR Newswire on October 1, AI-native cloud service provider GMI Cloud announced the completion of $668 million in financing, including $223 million in Series B equity financing and $445 million in credit facilities. The Series B round was led by San Francisco-based AI and robotics firm ARCHIV, with participation from NVIDIA, DSC Investment, Trend Micro, KB Investment, Kyobo Life, and KT. The credit facilities were arranged by CTBC Bank. The company stated that its annualized recurring revenue from contracts has exceeded $600 million, more than nine times the figure projected for the end of 2025, with its inference platform processing approximately 4 trillion tokens weekly. The funds will be used to expand GPU capacity in the U.S., Taiwan, and other regions in the Asia-Pacific. The valuation was not disclosed.