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Wall Street frenzy creates $11B debt market for AI groups buying Nvidia chips

6 pointsby yarapavan6 months ago

2 comments

yarapavan6 months ago
CoreWeave now claims to be the largest private operator of Nvidia GPUs in North America, with more than 45,000 chips. It has raised more than $10bn in debt in the past 12 months from lenders including Blackstone, Carlyle and Illinois-based hedge fund Magnetar Capital.<p>The debts are secured against CoreWeave’s stock of Nvidia GPUs and the capital is used to buy thousands more.
yarapavan6 months ago
Archive copy: <a href="http:&#x2F;&#x2F;archive.today&#x2F;OUyar" rel="nofollow">http:&#x2F;&#x2F;archive.today&#x2F;OUyar</a>