Nvidia-backed AI cloud service provider CoreWeave seeks large-scale funding support from the insurance industry.

PANews October 14 news, according to the Financial Times, Nvidia-backed AI cloud service provider CoreWeave is seeking to bring in large-scale capital from the insurance industry to reduce the financing costs of AI chips and data center construction. CoreWeave co-founder and head of financing Brannin McBee said that if more chip-backed loans and even the company itself obtain investment-grade ratings, the company will be able to enter the insurance capital market and access large-scale long-term capital.