Bloomberg ·

How a Blackstone-led $2.3B private credit loan to CoreWeave in 2023 became a blueprint for chip-backed debt, which is on track to become a $1T market

"What is a GPU?" Blackstone Inc. executives asked CoreWeave Inc.'s leadership. Also: "Is AI real?"

In this story Blackstone CoreWeave

How a Blackstone-led $2.3B private credit loan to CoreWeave in 2023 became a blueprint for chip-backed debt, which is on track to become a $1T market

Lead Source

Bloomberg — How a Blackstone-led $2.3B private credit loan to CoreWeave in 2023 became a blueprint for chip-backed debt, which is on track to become a $1T market ↗

How this story grew

Coverage · 0 Discussion · 0

Oct 25Oct 27

More

Crypto Briefing: Crypto Briefing

Discussion

@jessefelder.com

@business @rinsana @hedgiemarkets @dinabass

Related stories

Bloomberg: A CoreWeave-tied data center raised $1.1B in junk bonds at 98.5 cents on the dollar to yield 9.25%, ~2.7 percentage points above similarly rated debt

Bloomberg: Broadcom is in talks with a group of lenders to raise $60B+ in debt for an AI chip financing deal that will benefit Anthropic and other companies

Bloomberg: US-based PaleBlueDot AI is seeking $600M in private credit to buy chips for its South Korea site, to be used by Chinese social media app Xiaohongshu

Bloomberg: A group of 10 banks is giving a $22B loan to Blackstone and Alphabet's cloud venture Crux AI, which aims to provide compute for AI labs, to buy TPUs

Bloomberg: Broadcom's Wall Street syndicate is amassing $60B in AI chip financing to help Anthropic and others access chips and other key AI infrastructure

Discuss with AI

ChatGPT ↗ Claude ↗

← Back to TechSnif