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CoreWeave acquires agent-training startup OpenPipe

CoreWeave, which provides cloud servers to large companies training AI models, has struck an agreement to acquire OpenPipe, a 2-year-old Y Combinator-backed startup that helps enterprises develop customized AI agents with reinforcement learning, the companies announced on Wednesday. “Reinforcement learning is emerging as a pivotal force to strengthen model performance on agentic and reasoning tasks,” said Brian Venturo, Co-founder of CoreWeave, in a statement to TechCrunch. “By combining OpenPi

The AI Industry Just Got Some Horrible News

For years now, big tech and its financial backers have been blowing past the warning signs that human-level AI — the theoretical technology with hundreds of billions of dollars riding on it — could turn out to be a pipe-dream, at best. Now, however, Wall Street appears to be yanking its money out of one of the largest datacenter providers in the game, possibly an early indicator that reality could be finally catching up to the massively hype-dependent AI industry. On Tuesday, datacenter and te

CoreWeave tanks 20% after posting wider-than-expected loss ahead of lock-up expiration

CoreWeave 's stock sank 20% after the renter of artificial intelligence data centers reported a bigger-than-expected loss. In its second quarterly financial results as a public company, CoreWeave reported an adjusted loss of 27 cents per share, compared to a loss of 21 cents per share expected by analysts polled by LSEG. CoreWeave's results came as the lock-up period following its initial public offering is set to expire Thursday evening and potentially add volatility to shares. The term refer

CoreWeave stock slumps 20% on wider-than-expected loss ahead of lock-up expiration

CoreWeave 's stock sank 20% after the renter of artificial intelligence data centers reported a bigger-than-expected loss. In its second quarterly financial results as a public company, CoreWeave reported an adjusted loss of 27 cents per share, compared to a loss of 21 cents per share expected by analysts polled by LSEG. CoreWeave's results came as the lock-up period following its initial public offering is set to expire Thursday evening and potentially add volatility to shares. The term refer

CoreWeave stock slumps 18% on wider-than-expected loss ahead of lock-up expiration

CoreWeave 's stock dropped 18% after the renter of artificial intelligence data centers reported a bigger-than-expected loss. In its second quarterly financial results as a public company, CoreWeave reported an adjusted loss of 27 cents per share, compared to a loss of 21 cents per share expected by analysts polled by LSEG. CoreWeave's results came as the lock-up period following its initial public offering is set to expire Thursday evening and potentially add volatility to shares. The term re

CoreWeave stock slumps 14% on wider-than-expected loss ahead of lockup expiration

CoreWeave 's stock dropped 14% after the renter of artificial intelligence data centers reported a bigger-than-expected loss. In its second quarterly financial results as a public company, CoreWeave reported an adjusted loss of 27 cents per share, compared to a 21-cent loss per share expected by analysts polled by LSEG. CoreWeave's results came as the lock-up period following its initial public offering is set to expire Thursday evening and potentially add volatility to shares. The term refers

CoreWeave shares drop even as revenue and guidance top estimates

Mike Intrator, co-founder and CEO of CoreWeave, speaks at the Nasdaq headquarters in New York on March 28, 2025. CoreWeave shares slid 11% in extended trading on Tuesday even as the provider of artificial intelligence infrastructure issued results and guidance that beat expectations. Here's how the company did in comparison with LSEG consensus: Earnings per share: Loss of 21 cents Loss of 21 cents Revenue: $1.21 billion vs. $1.08 billion expected Revenue more than tripled from $395.4 millio

CoreWeave shares drop even as revenue tops estimates

Mike Intrator, co-founder and CEO of CoreWeave, speaks at the Nasdaq headquarters in New York on March 28, 2025. CoreWeave shares fell about 6% in extended trading on Tuesday even as the provider of artificial intelligence infrastructure beat estimates for second-quarter revenue Here's how the company did in comparison with LSEG consensus: Earnings per share: Loss of 21 cents Loss of 21 cents Revenue: $1.21 billion vs. $1.08 billion expected Revenue more than tripled from $395.4 million a y

CoreWeave stock rises after company announces $1.5 billion bond sale

Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, reacts during the company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. CoreWeave stock rose more than 1% after the renter of artificial intelligence data centers said it plans to sell $1.5 billion worth of bonds. The company said in a release that the notes, due in 2031, will use the capital for general purposes, such as paying off debt. In May, the company announced a $2 billion

CoreWeave stock climbs after company announces $1.5 billion bond sale

Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, reacts during the company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. CoreWeave stock rose more than 1% after the renter of artificial intelligence data centers said it plans to sell $1.5 billion worth of bonds. The company said in a release that the notes, due in 2031, will use the capital for general purposes, such as paying off debt. In May, the company announced a $2 billion

Coreweave stock pops after company announces $6 billion AI data center in Pennsylvania

CoreWeave Inc. signage in Times Square in New York, US, on Friday, May 9, 2025. Coreweave stock climbed more than 9% on Tuesday after the company announced a $6 billion artificial intelligence data center project in Pennsylvania. The commitment includes an initial 100 megawatt data center built in Lancaster, a city about 70 miles west of Philadelphia. The data center will be able to expand to 300 MW. "The demand for high-performance AI compute is relentless," said CoreWeave CEO Michael Intrat

CoreWeave acquires data center provider Core Scientific in $9B stock deal

In Brief CoreWeave announced Monday that it signed a $9 billion all-stock deal to acquire Core Scientific, a data center infrastructure provider. As a result of the deal, CoreWeave says it will gain access to more than a gigawatt of data center capacity — enough energy to power more than 850,000 homes — that it can rent out for AI training and inference workloads. Much like CoreWeave, Core Scientific previously offered Bitcoin mining services, but now its GPUs will run and train generative AI

CoreWeave to acquire Core Scientific in $9 billion all-stock deal

CoreWeave founders Brian Venturo, at left in sweatshirt, and Mike Intrator slap five after ringing the opening bell at Nasdaq headquarters in New York on March 28, 2025. Artificial intelligence hyperscaler CoreWeave said Monday it will acquire Core Scientific , a leading data center infrastructure provider, in an all-stock deal valued at approximately $9 billion. Coreweave stock fell about 4% on Monday while Core Scientific stock plummeted about 20%. Shares of both companies rallied at the end

CoreWeave is the first cloud provider to deploy Nvidia's latest AI chips

Nvidia's Blackwell Ultra chips, the company's next-generation graphics processor for artificial intelligence, have been commercially deployed at CoreWeave, the companies announced on Thursday. CoreWeave has received shipments of Dell-built shipments based around Nvidia's GB300 NVL72 AI systems, Dell said on Thursday. It's the first cloud provider to install systems based around Blackwell Ultra. The Blackwell Ultra is Nvidia's latest chip, expected to ship in volume during the rest of the year.

In just 3 months, CoreWeave CEO, once a crypto-mining bro, becomes a deca-billionaire

CoreWeave co-founder and CEO Michael Intrator’s net worth has skyrocketed to about $10 billion in the three months since the AI firm went public, Bloomberg reports. His company’s debut was both the biggest tech IPO so far of 2025 — raising $1.5 billion — and somewhat of a clunker: Its founders had reportedly hoped to raise a lot more — up to $4 billion — and had to skinny their ambitions. CoreWeave still feels a bit like both a success and a house of cards. It offers AI training and inference

Core Scientific shares surge 33% on report of buyout talks with CoreWeave

Core Scientific shares surged 35% on Thursday following a report from The Wall Street Journal that artificial intelligence infrastructure vendor CoreWeave is in talks to acquire the bitcoin mining and hosting provider. The company's stock was briefly halted after the report, and then proceeded to have its second-sharpest rally since Core Scientific returned to the Nasdaq in January 2024 after completing a reorganization. Its biggest one-day gain came last June, when the shares popped 40% on new