CoreWeave, an Nvidia -backed artificial intelligence startup that rents out chips to other companies, announced Friday that it has a new $650 million credit line to expand its business and data center portfolio.
In the past, CoreWeave has supplied Microsoft and French AI startup Mistral with graphics processing units, or GPUs.
And in addition to developing the chips, Nvidia has taken stakes in emerging AI companies like CoreWeave, partly as a way to make sure its technology gets widely deployed.
Last week, OpenAI received a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion.
Many of the same banks contributed to OpenAI's credit line.
Persons:
it's, CoreWeave, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Mike Intrator, CoreWeave's, OpenAI
Organizations:
Nvidia, London, Microsoft, JPMorgan, Barclays, Citi, Deutsche Bank, Jefferies, Mizuho
Locations:
Austin , Texas, Chicago, Las Vegas, French, MUFG, Wells Fargo