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AI surge sparks $11 billion debt market
Chip fever has created an $11 billion debt market backed by Nvidia's AI-enabling GPUs
Wall Street firms are loaning billions to a handful of tech companies that have used Nvidia's AI-enabling chips as collateral, the FT reported.
Wall Street frenzy creates $11bn debt market for AI groups buying Nvidia chips
Wall Street’s largest financial institutions have loaned more than $11bn to a niche group of tech companies based on their possession of the world’s hottest commodity: Nvidia’s artificial intelligence chips.
AI surge sparks $11 billion debt market as Wall Street backs Nvidia chip buyers
Wall Street giants have committed over $11 billion to a tech gold rush centered around Nvidia’s AI chips. Blackstone, Pimco, Carlyle, and BlackRock have fueled this new debt market, lending massive sums to “neocloud” firms like CoreWeave,
Datacenter Dynamics
1d
Microsoft to invest $10bn in CoreWeave by end of decade
Microsoft is set to invest around $10 billion in artificial intelligence (AI) cloud provider CoreWeave by the end of the ...
1d
AI-Powered Private Credit Will Shape The Future Of Lending
The marriage of AI with private credit will democratize access to the debt capital markets for the middle market businesses ...
16h
on MSN
Wall Street's $11 billion bet on AI firms fuelled by NVIDIA chips sparks global ambitions
Wall Street’s financial titans have invested more than $11 billion into a niche group of AI-focused tech companies. These ...
Seeking Alpha on MSN
3d
Wall Street’s bullish on bitcoin miners turning to AI – should you be, too?
As bitcoin (BTC-USD) miners pivot toward artificial intelligence to diversify revenue streams, Wall Street's optimism is ...
NJBIZ
12d
CoreWeave clinches long-term lease, invests $1.2B at Kenilworth campus
CoreWeave’s commitment to invest over a billion dollars at the NEST campus demonstrates New Jersey’s leading role in ...
13d
Bitcoin Miners Are Pivoting to AI to Survive. Core Scientific Entered the Race Years Ago
Core Scientific is expanding its AI deal with CoreWeave.Russell Cann, Core Scientific’s chief development officer, talked to CoinDesk about the ...
Crypto News Flash
12d
Bitcoin Miner Core Scientific Grows AI Infrastructure With CoreWeave
Core Scientific partners with CoreWeave to expand its AI infrastructure, leveraging years of expertise in data center ...
8d
on MSN
Core Scientific rated new Buy at Jefferies on AI business
Jefferies analyst initiates coverage on Core Scientific stock with Buy rating, highlighting its strong positioning in ...
Real Estate BusinessOnline
7d
CoreWeave to Invest $1.2B for New Data Center Facility at NEST Campus in Kenilworth, New Jersey
CoreWeave, a data center owner and operator based in Roseland, N.J., plans to invest $1.2 billion into the development of a ...
ExtremeTech
12d
Data Center AI GPUs May Have Extremely Short Lifespans
An unnamed Google engineer reportedly said the chips only last about three years, which could be good news for Nvidia.
New Jersey Business
8d
CoreWeave Signs 280,000 SF Lease at NEST Center
CoreWeave has signed a long-term lease for the entirety of building 11 NEST at The Northeast Science & Technology (NEST) ...
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