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      Nvidia-backed AI cloud provider CoreWeave seeks large-scale funding from the insurance industry

      PANews, October 14 — According to the Financial Times, CoreWeave, the Nvidia-backed AI cloud provider, is seeking to bring in large-scale funding from the insurance industry to lower the financing costs of AI chips and data center construction. CoreWeave co-founder and head of financing Brannin McBee said that if more chip-backed loans — and even the company itself — obtain investment-grade ratings, the company will be able to access the insurance capital market and secure large-scale, long-term capital.


      Source: PANews
      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud