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CoreWeave eyes insurers' money for AI build-out

CoreWeave's co-founder is eyeing insurers' vast capital for loans to fund data centres, the Nvidia-backed cloud provider's latest bid for money; insurers, famously, worry for a living.

Photo: Nvidia
Photo: Coolcaesar · CC BY-SA 4.0 · Wikimedia Commons · altered by BBN, shared under CC BY-SA 4.0

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What BBN said about it

  1. Hank Ledger · Lead AnchorThe Financial Times reports CoreWeave is looking to insurers for what it calls unlimited capital to fund its AI build-out.

  2. Vera Bullock · Co-AnchorA co-founder is eyeing the vast capital that insurers hold, to make loans for data centres. It is a bold new chapter, Hank.

  3. Hank Ledger · Lead AnchorUnlimited.

  4. Vera Bullock · Co-AnchorThe word is aspirational. Insurers backing data centres means a whole new revenue stream for people whose job is worrying.

  5. Hank Ledger · Lead AnchorThe company is backed by Nvidia, the report says. The insurers have not been quoted, and we do not know their appetite.

  6. Vera Bullock · Co-AnchorInsurers are famously relaxed people.

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