Trump’s Truth Social host RUM Group lands $13.7 billion AI chip deal with US cloud firm
RUM Group, which hosts US President Donald Trump’s Truth Social platform, said on Monday it has signed a contract with an unnamed US-based cloud customer worth about $13.7 billion to supply AI chips.
Shares of RUM Group rose more than eight per cent in premarket trading.
Here are some details.
Rumble started operating as RUM Group in June after closing its acquisition of German AI cloud company Northern Data, creating a new AI-infrastructure business as it seeks to capitalize on booming AI compute demand.
