Blackstone's $2.3 Billion CoreWeave Bet Sparked a Trillion-Dollar AI Lending Boom
In 2023, executives at Blackstone (NYSE:BX) asked CoreWeave (NASDAQ:CRWV) two questions: “What is a GPU?” and “Is AI real?” Three years later, the $2.3 billion financing Blackstone helped arrange has become the blueprint for a chip-backed lending market that could...
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