CNBC October 11, 2024
Key Points
– CoreWeave, an Nvidia-backed artificial intelligence startup that rents out GPUs to companies, said Friday that it has a new $650 million credit line to expand its business and data center portfolio.
– The company said it has raised $12.7 billion from equity and debt investors in the past 18 months.
– JPMorgan Chase, Goldman Sachs and Morgan Stanley led the financing, with participation from Barclays, Citi, Wells Fargo and others.
CoreWeave, an Nvidia-backed artificial intelligence startup that rents out chips to other companies, announced Friday that it has a new $650 million credit line to expand its business and data center portfolio.
The cloud infrastructure company said it’s raised $12.7 billion from equity and debt investors in...
Today's Sponsors
Today's Sponsor