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CoreWeave - 3 Krystal Hu - 2 Michael Burry - 1 Christian Bale - 1 Burry's - 1 Crowdfunding - 1 Burry - 1 Andreessen Horowitz - 1
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Blackstone - 3 Nvidia - 3 Magnetar Capital - 3 Magnetar - 2 Microsoft - 2 Thomson - 2 CNBC - 1 Main - 1

Search resuls for: "Magnetar Capital"


5 mentions found


☆ Real-estate crowdfunding is a house of cards. PeerStreet's bankruptcy reveals why.
  + stars: | 2023-09-14 | by ( Alex Nicoll | ) www.businessinsider.com   time to read: +21 min
Like many PeerStreet investors who spoke with Insider, Mincher has a strong résumé. Another form of crowdfunding, equity crowdfunding, works a bit like the stock market without the onerous and expensive process of initial public offerings. The PeerStreet investors who spoke with Insider said the outcome of this case could determine whether they stick with real-estate crowdfunding. Others, such as Fundrise, have moved away from crowdfunding in favor of a model for private real-estate investment trusts, similar to the BREIT later offered by Blackstone. Fritton, the former Patch of Land CEO, said Fundrise's fund model was the wave of the future for real-estate crowdfunding.
Persons: Michael Burry, Christian Bale, Burry's, Crowdfunding, Burry, Andreessen Horowitz, they're, Braun Mincher, PeerStreet, who've, Judge Laurie Selber Silverstein, Brew Johnson, he's, Braun, Mincher, —, it's, Michael Burry Astrid Stawiarz, Ian Ippolito, Ippolito, John McNellis, PeerStreet Ippolito, McNellis, El, Marc Andreessen, Phil McCarten, Silverstein, wouldn't, Sean Quinn, Doug Lyon, Lyon, that's, Jason Fritton, Kirk Brett, there's, Brett, iFunding, CrowdStreet, Nightingale's Elie Schwartz, Nightingale, Schwartz, Yieldstreet, Fritton Organizations: CNBC, Main, PeerStreet, Facebook, McNellis Partners, Funding Trust, Fairfield University, Magnetar, Adler, Securities and Exchange Commission, Department of Justice, Securities, Exchange Commission, SEC, Investors, Blackstone Locations: Delaware, El Segundo , California, crowdfunding, There's
☆ Wall Street analyst defends Nvidia from 'Twitter randos' spreading bearish conspiracy theory
  + stars: | 2023-09-08 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +4 min
A conspiracy theory surrounding Nvidia has made the rounds on social media, and a Wall Street firm is having none of it. Bernstein debunked the baseless theory that CoreWeave is a shell company driving much of Nvidia's recent growth. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. And while Nvidia did buy a stake in CoreWeave, it also invested in 10 other AI startups so far this year. He reiterated his "Outperform" rating on Nvidia with a $675 price target, representing potential upside of 46% from current levels.
Persons: Bernstein, Stacy Rasgon, CoreWeave, Rasgon Organizations: Nvidia, Service, Twitter, Magnetar Capital, Blackstone, Blackrock, NVIDIA, Cloud Service Providers Locations: Wall, Silicon, CoreWeave, Texas, FQ2
☆ CoreWeave raises $2.3 billion in debt collateralized by Nvidia chips
  + stars: | 2023-08-03 | by ( Krystal Hu | Thomson Reuters | Krystal Reports On Venture Capital | ) www.reuters.com   time to read: +2 min
Aug 3 (Reuters) - Specialized cloud provider CoreWeave has raised $2.3 billion in a debt facility led by Magnetar Capital and Blackstone (BX.N) and collateralized by Nvidia chips, with the funds to be used to expand to meet rising AI workload, the company said on Thursday. Other lenders in the facility include Coatue and DigitalBridge (DBRG.N), as well as BlackRock, PIMCO, and Carlyle (CG.O). Nvidia-backed CoreWeave has seen a boost from the generative AI boom thanks to its purpose-built cloud infrastructure at scale. It has partnerships with AI startups and cloud providers, which it also competes with, to build clusters to power AI workload. CoreWeave also raised $421 million in equity this year led by Magnetar Capital at a valuation of over $2 billion.
Persons: Carlyle, Michael Intrator, CoreWeave, Krystal Hu, Conor Humphries Organizations: Magnetar Capital, Blackstone, Nvidia, Nvidia H100, CoreWeave, Microsoft, Google, Thomson Locations: BlackRock, PIMCO, Texas, U.S, New York
☆ Cloud computing firm CoreWeave raises another $200 mln amid AI boom
  + stars: | 2023-05-31 | by ( Krystal Hu Stephen Nellis | Krystal Hu | Stephen Nellis | ) www.reuters.com   time to read: +2 min
May 31 (Reuters) - Specialized cloud computing provider CoreWeave has raised $200 million in funding from its existing investor Magnetar Capital, highlighting investor interest in backing infrastructure powering the generative AI boom. The funding, which valued the company at more than $2 billion, comes weeks after CoreWeave raised $221 million from investors including Magnetar Capital and Nvidia (NVDA.O). CoreWeave specializes in providing cloud computing services based on graphics processing units (GPUs), the category of chip pioneered by Nvidia that has become central to artificial intelligence (AI) services like OpenAI's ChatGPT. CoreWeave sells computing power to those AI companies, competing with cloud computing service providers such as Microsoft Azure and Amazon's AWS. (MSFT.O), (AMZN.O)CoreWeave aims to stand out by building its data centers differently for AI work, using a networking technology called InfiniBand to link computers together instead of Ethernet cables that are the current standard in most data centers, McBee said.
Persons: CoreWeave, Brannin, McBee, Krystal Hu, Stephen Nellis, Himani Sarkar Organizations: Magnetar, Magnetar Capital, Nvidia, ChatGPT, Microsoft, AWS, Thomson Locations: New York, San Francisco
☆ How the smart money got fooled by Sam Bankman-Fried: Here's what happened to 2 hedge funds and a trader.
  + stars: | 2022-11-14 | by ( Dakin Campbell | ) www.businessinsider.com   time to read: +8 min
3 traders tell what drew them to FTX and how they now have money stuck inside it. Wintermute, a large crypto trading firm, stopped trading on FTX, but still had some funds stuck on the US exchange, CoinDesk reported. The three traders who spoke to Insider all acknowledged having some amount of money stuck inside FTX, despite some pretty sophisticated risk management strategies. FTX's collapse was precipitated when FTX sent billions of dollars to Alameda to cover losses, The Wall Street Journal reported. Bankman-Fried may now face charges for wire fraud, the Wall Street Journal reported this week after talking with securities lawyers about how the US laws might apply.
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