# CoreWeave seeks insurers’ capital to fund chip spending

Digest AI · Hardware & Compute · published 2026-10-14T09:45:01Z

Canonical: https://digestai.news/story/coreweave-seeks-insurers-capital-to-fund-chip-spending

## Summary

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.

## 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

## Why it matters

If insurers back CoreWeave’s expansion, it could ease AI cloud providers’ reliance on venture capital and debt, lowering costs for data-intensive workloads.

## Sources

1. [CoreWeave says it is targeting insurers' "unlimited" capital, as the AI cloud provider seeks cheaper ways to fund the tens of billions it is spending on chips](https://ft.com/content/4ffa1853-0e2c-424f-b941-88c6bcac5765) (ft.com, 2026-10-14)

## Cite

Digest AI, "CoreWeave seeks insurers’ capital to fund chip spending", 14 October 2026, https://digestai.news/story/coreweave-seeks-insurers-capital-to-fund-chip-spending

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