{
Jim Prusko

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hedge fund magnetar tackles compute shortage to invest in ai startups

Magnetar, a hedge fund venturing into AI investments, is addressing the compute power shortage by offering it in exchange for equity, thus tackling the funding dilemma faced by startups. With a history of early investments in AI and a partnership with Coreweave, Magnetar is reshaping financing strategies in the sector. The firm’s approach highlights the evolving landscape of AI investment, emphasizing the importance of compute resources for growth and the competitive dynamics within the industry.
Bloomberg.com
Jim Prusko
Finance & Economy, Transcript
16:14 09.12.2024

magnetar tackles ai funding challenges by offering compute for equity

Magnetar, a hedge fund that recently launched its first venture capital fund, is addressing the compute shortage hindering AI startups by offering compute resources in exchange for equity. The firm has been an early investor in the AI sector, partnering with Coreweave and aiding in a $7.5 billion fundraising effort. Jim Prusko, a partner at Magnetar, discusses the hedge fund's venture into this space and innovative funding strategies.
Bloomberg.com
Apple Inc. Jim Prusko
Finance & Economy, Market Report
10:00 09.12.2024
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