U.S. Department of Defense Plans to Provide $5 Billion Loan to AI Infrastructure Startup Fluidstack

TechFlow reported on September 11 that, according to The Wall Street Journal, the U.S. Department of Defense is negotiating a $5 billion loan (approximately 6.7 trillion Korean won) with AI cloud platform startup Fluidstack. The funds will come from the Department of Defense’s Office of Strategic Capital (OSC) and will primarily be used to strengthen the U.S. domestic supply chain and manufacturing capabilities for critical data center components. If the deal is finalized, it will become the largest single loan OSC has issued to date. Founded in 2017, Fluidstack relocated its headquarters to New York, U.S. last December. It currently employs 700 staff members, all working within the United States, and has already signed long-term data center leases in New York, Indiana, Louisiana, Texas, and other states. The terms of the loan have not yet been finalized.