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Wall Street frenzy creates $11B debt market for AI groups buying Nvidia chips
- yarapavan 2y agoArchive copy: http://archive.today/OUyar http://archive.today/OUyar
- yarapavan 2y agoCoreWeave 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. The debts are secured against CoreWeave’s stock of Nvidia GPUs and the capital is used to buy thousands more.
- deleted 2y ago[deleted]