CoreWeave seeks insurers’ capital to fund chip spending
CoreWeave, an Nvidia-backed AI cloud provider, is targeting insurers’ capital for loans. The company aims to secure cheaper funding as it invests tens of billions in data center infrastructure and chips. Co-founder Ryan McMorrow told the Financial Times insurers’ vast capital pools could help offset costs, though no specific terms or deals were disclosed.
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Key points
- CoreWeave targets insurers’ capital for loans to fund chip and data center spending
- Company invests tens of billions in infrastructure, per Financial Times report
- Nvidia-backed provider seeks cheaper funding amid high capital expenditures
Read the original at ft.com · via TechmemeOpen source ↗
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