CoreWeave eyes using insurers’ capital to fund Nvidia chip purchases through investment-grade debt

CoreWeave reportedly seeks to leverage trillions in insurance companies’ capital to fund the purchase of Nvidia’s chips, according to CoreWeave’s Chief Development Officer (CDO), and in doing so would give life insurers an increasing amount of responsibility for AI’s debts. ‘All the money in the world’ Brannin McBee, who works as the CDO at CoreWeave and is one of the company’s co-founders, defined the goal in no uncertain terms. “If we can get our chip-backed debt to become investment grade and eventually the whole company to become investment grade, then we’ll be able to borrow from insurance companies where the money is unlimited, like all the money that is in the insurance tranche,” he said in a report .

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