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Nvidia-Backed AI Firm CoreWeave Secures $7.5B In Debt Financing: Report
Summary
CoreWeave, an AI cloud-computing startup supported by Nvidia, has secured $7.5 billion in debt financing from Blackstone, Carlyle Group, and BlackRock. This funding follows a $1.1 billion equity round, valuing CoreWeave at $19 billion. The funds will expand their data centers and purchase AI chips.
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Read Full ArticleArticle published on May 17, 2024 by benzinga