Markets
Bloomberg Podcast: Blackstone's $2.3 Billion CoreWeave Loan Became Blueprint for Chip-Backed Debt
Bloomberg podcast: Blackstone's $2.3B CoreWeave loan became a blueprint for chip-backed debt now on track to $1T.
Three years after the loan, the podcast said, chip-backed debt is on track to become a trillion-dollar market, eclipsing even the borrowings used to build the data centers that house the chips. The episode said the deal was a testament to how intertwined global AI expansion and credit markets have become in a short period.
The episode features Bloomberg News AI infrastructure reporter Dina Bass, Zscaler CEO and founder Jay Chaudhry, Ray Madoff, author of The Second Estate, and Jessica Dupuy, co-author of Italianity and an award-winning wine, spirits, food and travel writer.