Nvidia-backed CoreWeave raises $7.5b in debt deal led by Blackstone, others

Nvidia-backed CoreWeave raises $7.5b in debt deal led by Blackstone, others

FILE PHOTO: Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon

Specialized cloud services provider CoreWeave is raising $7.5 billion in debt from financiers led by Blackstone and Magnetar Capital to scale up its infrastructure to meet rising artificial intelligence workloads, it said on Friday.