Chip-backed debt on track to become $1T market, Bloomberg reports
Bloomberg reports that a $2.3 billion private credit loan led by Blackstone to CoreWeave in 2023 has served as a blueprint for a new financial instrument: chip-backed debt. According to the report, this asset class is on track to become a $1 trillion market. The article notes that Blackstone executives initially asked CoreWeave leadership basic questions, such as "What is a GPU?" and "Is AI…
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Key points
- Blackstone led a $2.3 billion private credit loan to CoreWeave in 2023.
- This deal is cited as a blueprint for chip-backed debt instruments.
- Chip-backed debt is on track to become a $1 trillion market.
The story so far
3 episodes →- Chip-backed debt on track to become $1T market, Bloomberg reportsthis story
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