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AI Boom Fuels Innovative Lending: The Rise Of GPU-Backed Loans

In May 2023, Wall Street, led by Blackstone, raised $7.5 billion for CoreWeave, a startup owning AI chips and data center equipment, marking the rise of GPU-backed loans amid the AI boom.

Authored by Douglas French via The Mises Institute,

In an innovative twist on collateral lending, AI chips have emerged as the latest valuable asset. Wall Street, led by Blackstone, raised $7.5 billion for CoreWeave, a startup owning AI chips and data center equipment, showcasing the high demand for ...

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