AI infrastructure startup CoreWeave raises $7.5 billion in debt deal led by Blackstone
Publishing timestamp: 2024-05-17 09:01:39
Summary
CoreWeave secures $7.5 billion debt financing to invest in cloud data centers after recent $1.1 billion funding round. The company is a key provider of Nvidia's chips for AI models, facing competition from major cloud operators. Investors are attracted to CoreWeave's technology and lower prices compared to other cloud companies.
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Keywords: blackstone inc, technology, business, microsoft corp, enterprise, amazon.com inc, breaking news: technology, business news, blackrock inc, nvidia corp, alphabet inc,