H100

CoreWeave, an NVIDIA-backed cloud service provider specializing in GPU-accelerated services, has secured a debt facility worth $2.3 billion using NVIDIA's H100-based hardware as collateral. The company intends to use the funds to procure more compute GPUs and systems from NVIDIA, construct new data centers, and hire additional personnel to meet the growing needs for AI and HPC workloads. CoreWeave has reaped enormous benefits from the rise in generative AI due to its large-scale cloud infrastructure as well as an exclusive relationship with NVIDIA, and its ability to procure the company's H100 compute GPUs as well as HGX H100 supercomputing platforms amid shortages of AI and HPC hardware. Since many AI and HPC applications used nowadays were developed for NVIDIA's CUDA platform and API, they require...