PANews reported on October 9th that QumulusAI, a company building GPU-based cloud infrastructure for artificial intelligence (AI), has secured a $500 million credit line to fund its expanding GPU fleet. The financing was arranged by Permian Labs and will be distributed through the blockchain-based credit protocol USD.AI. The company stated that this non-recourse credit facility will allow QumulusAI to borrow stablecoins up to 70% of the value of its approved GPU deployments. This approach allows the company to obtain funding faster than traditional credit channels such as bank loans or venture debt.