Take out a $2.3 billion loan using Nvidia accelerators as collateral.

0
225

The company has a close relationship with Nvidia

Nvidia’s AI accelerators have become such a valuable asset that they’ve been accepted as collateral for loans. 

Nvidia accelerators
Nvidia accelerators

Take out a $2.3 billion loan using Nvidia accelerators as collateral.

Cloud services company CoreWeave has secured $2.3 billion in funding using its Nvidia H100 accelerators as collateral, which now far outstrips supply. 

CoreWeave is in a very close relationship with Nvidia, so it has more opportunities to buy products from the company. The money CoreWeave plans to invest in the construction of a new data center in Texas. Apparently, with the same Nvidia H100 at the core. 

Also Read:   Cooling system ID-Cooling SE-914-XT is offered in two versions, differing in price by almost one and a half times
Don’t forget to leave us a comment below and let us know what you think! Share Our Website for Technology News , Health News , Latest Smartphones , Mobiles , Games , LifeStyle , USA News & Much more...

RELATED ARTICLESMORE FROM AUTHOR