Blackstone's $2.3 Billion CoreWeave Bet Sparked a Trillion-Dollar AI Lending Boom
Blackstone’s $2.3 billion CoreWeave loan helped establish the chip-backed financing model now spreading across AI infrastructure.
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Why It Matters
Blackstone lent $2.3 billion to CoreWeave, a company that rents AI computer chips. Other companies saw this work and started doing the same kind of lending.
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