CoreWeave targets insurers' capital to fund chip and data center spending

CoreWeave says it is targeting insurers' "unlimited" capital as the Nvidia-backed AI cloud provider seeks cheaper ways to fund the tens of billions it spends on chips and data centers. Its co-founder eyes insurers' vast capital for loans.

• CoreWeave seeks loans from insurance companies
• It spends tens of billions on chips and data centers
• The company is backed by Nvidia