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#coreweave

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ResearchBuzz: Firehose

Gizmodo: CoreWeave Is at the Center of the AI Revolution, and Its IPO looks Like a House of Cards. “Today, CoreWeave began trading on the stock market, and it is looking like an inauspicious start for the AI sector. The company had initially hoped to sell shares for $47 to $55 a piece, but began trading at $39 despite being propped up by Nvidia with a massive $250 million order at $40 per […]

https://rbfirehose.com/2025/03/30/gizmodo-coreweave-is-at-the-center-of-the-ai-revolution-and-its-ipo-looks-like-a-house-of-cards/

#ai#coreweave#ipo
Public
Miguel Afonso Caetano

"Microsoft chose not to exercise a nearly $12 billion option to buy more data-center capacity from CoreWeave, people familiar with the matter said, a sign that big tech companies are starting to right-size and tailor their AI budgets.

CoreWeave, which is readying for the year’s most closely watched IPO, quickly found another buyer — OpenAI snapped up the contract last week — and Microsoft has reiterated its plan to spend $80 billion on AI. Nvidia CEO Jensen Huang told thousands of eager fans at the company’s annual conference on Tuesday that the appetite for AI is only growing, and the limiting factor is the raw power needed to run increasingly gargantuan data centers.

Coreweave and Microsoft declined to comment.

The Financial Times reported earlier this month that Microsoft had “walked away from some of its commitments,” a characterization that CoreWeave disputed."

semafor.com/article/03/20/2025

www.semafor.com · Microsoft chose not to exercise $12 billion Coreweave optionBy Rohan Goswami
#AI#GenerativeAI#CloudComputing
Public
Miguel Afonso Caetano

"In my years writing this newsletter I have come across few companies as rotten as CoreWeave — an "AI cloud provider" that sells GPU compute to AI companies looking to run or train their models.

CoreWeave had intended to go public last week, with an initial valuation of $35bn. While it’s hardly a recognizable name — like, say, OpenAI, or Microsoft, or Nvidia — this company is worth observing, if not for the fact that it’s arguably the first major IPO that we’ve seen from the current generative AI hype bubble, and undoubtedly the biggest. Moreover, it’s a company that deals in the infrastructure aspect of AI, where one would naturally assume is where all the money really is — putting up the servers for hyperscalers to run their hallucination-prone, unprofitable models.

You’d assume that such a company would be a thriving, healthy business. And yet, a cursory glance at its financial disclosure documents reveals a business that’s precarious at best, and, in my most uncharitable opinion, utterly rancid. If this company was in any other industry, it would be seen as such. Except, it’s one of the standard bearers of the generative AI boom, and so, it exists within its own reality distortion field.

Regardless, CoreWeave’s IPO plans appear to have been delayed, and it’s unclear when it’ll eventually make its debut on the public markets. I assume the reasons for the delay are as follows."

wheresyoured.at/core-incompete

Ed Zitron's Where's Your Ed At · CoreWeave Is A Time BombSoundtrack: EL-P (ft. Aesop Rock) - Run The Numbers In my years writing this newsletter I have come across few companies as rotten as CoreWeave — an "AI cloud provider" that sells GPU compute to AI companies looking to run or train their models.  CoreWeave had intended to go public last
#AI#CoreWeave#CloudComputing
Public
WYM Mod

A monumental partnership is underway as CoreWeave has finalized an $11.9 billion deal with OpenAI! This includes OpenAI investing $350 million in CoreWeave ahead of its IPO. Equipped with Nvidia technology, CoreWeave anticipates a staggering 700% revenue growth in 2024, projecting $1.92 billion. The firm is also expanding with 32 data centers and aims to boost operations further. Discover more about CoreWeave’s ambitious plans here: [Source](cnbc.com/2025/03/10/openai-to-) #AI #TechGrowth #CoreWeave #OpenAI

CNBCOpenAI to pay CoreWeave $11.9 billion over five years for AI data centers, servicesAhead of CoreWeave's upcoming IPO, the provider of data centers for AI has signed a five-year deal with OpenAI worth almost $12 billion.
Public
:rss: Data Center Café

CoreWeave、IPOを前にマイクロソフトとの契約解除を否定
cafe-dc.com/ma/microsoft-denie
#cafedc #coreweave #gpuインスタンス #ipo #microsoft #openai #project_stargate

Data Center Cafe · CoreWeave、IPOを前にマイクロソフトとの契約解除を否定 | Data Center CaféFinancial Timesは本日未明、匿名の関係者の話として、納期遅れなどの問題を理由にいくつかの契約が撤回されたと報じました。この関係者は同紙に対し、マイクロソフトはCoreWeaveはに対する信頼を失ったものの、いくつかの契約は継続しており、「重要なパートナー 」であることに変わりはない、と語りました。
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