AI Boom Fuels Innovative Lending: The Rise Of GPU-Backed Loans
June 23, 2024
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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
