CoreWeave Just Secured $8.5 Billion in Chip-Backed Debt Using a Meta Contract as Collateral, and the Deal Reveals How the Next Trillion Dollars of AI Infrastructure Will Actually Get Financed
CoreWeave is raising $8.5 billion in chip-backed debt from Morgan Stanley and MUFG, secured by Meta's $14.2 billion cloud contract, in a deal that defines a new era of AI infrastructure financing.