CoreWeave seeks insurer funding for loans backed by GPUs

First reported by Financial Times at · Updated · 2 sources

The Nvidia-backed cloud provider is seeking capital for its data centre expansion, according to the Financial Times. Co-founder Brannin McBee wants investment-grade ratings to attract insurers to more chip-backed loans, according to RuntimeWire, which says contracts with lower-rated AI labs will be the next test.

Covered by 2 publishers within an hour of the first report.

Reporting2

Financial Times CoreWeave targets ‘unlimited’ insurance money to fund AI build-out
RuntimeWire CoreWeave wants insurers to finance more of its GPU-backed debt · Ryan Merket

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Topics NvidiaData centers