According to Jin10, CoreWeave is seeking to attract insurers' large pools of capital to lower its financing costs for buying AI chips and building infrastructure. CoreWeave co-founder and head of financing Brannin McBee said the company could enter the insurance capital market if more chip-backed debt wins investment-grade ratings and its own credit rating improves. He said the insurance industry's capital pool is "almost infinite" because "all the money sitting in insurance pools is one of the world's largest sources of capital." Earlier this year, CoreWeave secured an $8.5 billion loan backed by Nvidia chips and a long-term usage contract with Meta. CoreWeave's next step is to attract insurers to buy loans backed by lower-rated customers, such as financing tied to AI labs. So far this year, the company has raised more than $35 billion through chip-backed loans, high-yield bonds, convertible bonds and equity issuance. As of June 30, its debt and lease obligations stood at about $52 billion.