An exciting breakthrough in GPUs that isn’t really about computing. | Illustration by Alex Castro / The Verge
Gather around, children. We are about to discuss some financial innovation: using computer chips as collateral for loans.
CoreWeave, a cloud computing startup backed by Nvidia and Magnetar Capital, has secured a $2.3 billion debt facility using Nvidia’s sought-after H100 GPUs as collateral. The company intends to u...
