Weave got this
CoreWeave, a fast-growing AI cloud computing firm backed by Nvidia, will be popping the champagne this week, following news that they have secured a record $7.5 billion in debt financing. Blackstone, Carlyle Group, and BlackRock were just some of the investors in what is one of the industry’s biggest private deal deals. It’s a clear illustration of the interest levels in artificial intelligence-focused companies, and private credit as an asset class. New Jersey-based CoreWeave leases out access to Nvidia’s AI chips. CoreWeave plans to use the financing – which means it now has a $19 billion valuation – to double its data center operational footprint from 14 to 28. Core blimey you might be thinking – this whole AI paradigm is really driving demand for infrastructure. That’s a lot of networking power. CoreWeave’s team must be on Cloud Nine!