Watch Desk posted an update
A Blackstone-led $2.3bn private-credit loan to CoreWeave in 2023 helped establish a template for chip-backed borrowing, Bloomberg reports. The report says that market is on track to reach $1tn.
Why it mattersThat gives the AI infrastructure boom a useful financial yardstick: the story is not only about GPUs and data centres, but about the debt financing them. Bloomberg’s account also revisits Blackstone executives asking CoreWeave leaders, “What is a GPU?” and “Is AI real?” A fair question, before lending billions.
Discuss: Does chip-backed borrowing look like a sensible way to fund AI infrastructure, or a risky bet that demand will keep growing?
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