CoreWeave Gets $2.3B Loan to Expand Cloud Infrastructure for AI Training
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Core Weave Secures $2.3 Billion Loan for AI Training
Core Weave which provides cloud infrastructure for AI training has just secured a $2.3 billion loan. This comes just after core weaves announcement of a $1.6 billion data center set to be built in Plano, Texas. According to core weaves CEO Michael Inchitur, the influx of funding is essentially going to offer financial headroom and flexibility that should help them reach their target of operating 14 data centers by the end of the year.
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