According to CoinMeta, and as reported by Bloomberg, AI, a cloud computing service provider in the field of computing power, is seeking to raise at least $4 billion through an investment-grade loan secured by assets, led by Morgan Stanley. The funds will be used to purchase NVIDIA chips and other computing equipment for a contract with an investment-grade client, with an expected annual interest rate between 7% and 7.5%. Michael Intrator, the CEO of CoreWeave, stated that at current interest rates, the company will no longer seek financing through the unsecured bond market.