A look at CoreWeave, whose financing strategy involves using GPUs as collateral for large loans, which enabled rapid expansion but resulted in $11.2B in debt (Rashi Shrivastava/Forbes)

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Rashi Shrivastava / Forbes:
A look at CoreWeave, whose financing strategy involves using GPUs as collateral for large loans, which enabled rapid expansion but resulted in $11.2B in debt  —  A knack for creative financing and an enormous appetite for risk helped CoreWeave's Michael Intrator ride the AI data center boom to a $6.7 billion personal fortune.

from Techmeme https://ift.tt/WrbxLce