Nvidia-backed AI cloud provider CoreWeave is seeking large-scale funding from the insurance industry to reduce financing costs for AI chips and data center construction. The company aims to tap into insurance capital markets as a strategy to secure long-term, lower-cost capital for its infrastructure buildout. Co-founder and head of financing Brannin McBee stated that obtaining investment-grade ratings for chip-backed loans and the company itself is key to accessing this capital pool. Achieving these ratings would enable CoreWeave to unlock significant institutional funding from insurers to support its expanding AI compute operations.