Published on: 2025-04-30 02:28:53
Before we go any further: I hate to ask you to do this, but I need your help — I'm up for this year's Webbys for the best business podcast award. I know it's a pain in the ass, but can you sign up and vote for Better Offline ? I have never won an award in my life, so help me win this one. Soundtrack: Mastodon - High Road I wanted to start this newsletter with a pithy anecdote about chaos, both that caused by Donald Trump's tariffs and the brittle state of the generative AI bubble. Instead, I
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Find related items on AmazonPublished on: 2025-05-19 15:07:22
AI hyperscaler CoreWeave's initial public offering was meant to serve as a litmus test for the industry. The firm went public on the stock market last week, becoming the first all-AI startup to have done so. It's hard to read the tea leaves over such a short period, but at first, it looked like the company — and industry, if CoreWeave is a bellwether — was in for rough times ahead. After opening at $39, slightly below its IPO price of $40, shares slid almost ten percent in just its second day o
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Find related items on AmazonPublished on: 2025-05-19 22:58:30
Mike Intrator, Chief Executive Officer and founder of CoreWeave, (C) rings the opening bell surrounded by Executive Leadership and family during the company's Initial Public Offering (IPO) at the Nasdaq headquarters on March 28, 2025 in New York City. CoreWeave 's stock popped more than 40% on Tuesday, bouncing back above its initial public offering price following a lackluster second trading day on the public markets. Shares of the artificial intelligence cloud company, which rents out access
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Find related items on AmazonPublished on: 2025-05-20 02:56:03
Mike Intrator, Chief Executive Officer and founder of CoreWeave, (C) rings the opening bell surrounded by Executive Leadership and family during the company's Initial Public Offering (IPO) at the Nasdaq headquarters on March 28, 2025 in New York City. CoreWeave shares rallied more than 20% on Tuesday and looked to bounce back from a lackluster second trading day on the public markets. Shares of the artificial intelligence cloud company, which rents out access to Nvidia's graphics processing un
Keywords: company coreweave executive offering public
Find related items on AmazonPublished on: 2025-05-20 10:48:41
Mike Intrator, Chief Executive Officer and founder of CoreWeave, (C) rings the opening bell surrounded by Executive Leadership and family during the company's Initial Public Offering (IPO) at the Nasdaq headquarters on March 28, 2025 in New York City. CoreWeave shares rallied more than 18% on Tuesday and looked to bounce back from a lackluster second trading day on the public markets. Shares of the artificial intelligence cloud company, which rents out access to Nvidia's graphics processing un
Keywords: company coreweave executive offering public
Find related items on AmazonPublished on: 2025-05-20 14:25:10
Mike Intrator, Chief Executive Officer and founder of CoreWeave, (C) rings the opening bell surrounded by Executive Leadership and family during the company's Initial Public Offering (IPO) at the Nasdaq headquarters on March 28, 2025 in New York City. CoreWeave shares rallied more than 12% on Tuesday and looked to bounce back from a lackluster second trading day on the public markets. Shares of the artificial intelligence cloud company, which rents out access to Nvidia's graphics processing un
Keywords: company coreweave executive offering public
Find related items on AmazonPublished on: 2025-05-22 02:04:58
Michael Intrator, founder and CEO of CoreWeave Inc., Nvidia-backed cloud services provider, attends his company's IPO at the Nasdaq Market in New York City on March 28, 2025. Wall Street banks waited a long time for a billion dollar IPO from a U.S. tech company. They're not making much money from the one they got. The underwriting discount and commissions paid by artificial intelligence infrastructure provider CoreWeave , which hit the Nasdaq on Friday, amounted to just 2.8% of the total proce
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Find related items on AmazonPublished on: 2025-05-22 18:48:16
Michael Intrator, founder and CEO of CoreWeave Inc., Nvidia-backed cloud services provider, attends his company's IPO at the Nasdaq Market in New York City on March 28, 2025. CoreWeave's public offering also served as a major test for an IPO market that has largely dried up since early 2022 as inflation and rising interest rates deterred investors from riskier bets. CoreWeave's offering marked the biggest tech IPO since 2021 and the first pure-play AI company to go public. The initial share sa
Keywords: billion company coreweave ipo tech
Find related items on AmazonPublished on: 2025-05-23 13:48:52
So far, the AI industry has enjoyed smooth sailing. It's courted billions in slap-happy investments and sign-first, read-later contracts, ballooning some Silicon Valley companies to the top of the financial food chain. Now it's facing its toughest challenge yet in the form of CoreWeave, the AI processing company that went public on the stock market this week and the first all-AI startup to do so. It was said to be a major test for the industry — and so far it's failing, miserably. CoreWeave st
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Find related items on AmazonPublished on: 2025-05-23 11:00:00
CoreWeave began trading on Friday with more of a shrug than a war cry. The company priced at $40 on Thursday, below the $47- $50 price range announced. It also trimmed the number of shares offered. All told, CoreWeave raised $1.5 billion and nabbed a $14 billion market cap on Day 1, instead of a hoped-for $3 billion+ raise and a much higher valuation. Shares also opened at $39 (ouch!), and closed at $40. A lukewarm reception. Still, the company’s IPO lands as the largest AI-related listing to
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Find related items on AmazonPublished on: 2025-05-24 02:04:56
Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, gestures during the company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. CoreWeave's stock opened at $39 and closed at $40 in its Nasdaq debut on Friday after the company sold shares at $40 a piece, below the expected range. The seller of artificial intelligence technology in the cloud raised $1.5 billion in its share sale, the biggest tech IPO in the U.S. since 2021. The offering
Keywords: company coreweave ipo tech year
Find related items on AmazonPublished on: 2025-05-24 02:19:42
CoreWeave Inc. signage during the company's initial public offering at the Nasdaq MarketSite in New York, US, on Friday, March 28, 2025. It wasn't supposed to go down like this. The Trump presidency was set to usher in a rush of money to the markets, spurred by a new era of deregulation and lower taxes that would lead high-valued tech companies off the sidelines and onto public exchanges after a four-year lull in initial public offerings. Goldman Sachs CEO David Solomon said in January that h
Keywords: company coreweave friday market year
Find related items on AmazonPublished on: 2025-05-24 05:47:10
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 share. When you look under the hood, CoreWeave is a dog of a company, with business fundamentals that raise a lot of questions, explaining the less than enthusiastic demand by investors. CoreWeave in recent
Keywords: ai billion coreweave gpus nvidia
Find related items on AmazonPublished on: 2025-05-24 14:37:16
Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, gestures during the company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. CoreWeave's stock opened at $39 in its Nasdaq debut on Friday after the company sold shares at $40 a piece, below the expected range. The seller of artificial intelligence technology in the cloud raised $1.5 billion in its share sale, the biggest tech IPO in the U.S. since 2021. The offering has captured the
Keywords: company coreweave ipo tech year
Find related items on AmazonPublished on: 2025-05-24 18:26:00
Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, gestures during the company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. CoreWeave, a seller of artificial intelligence technology in the cloud, is set to make its Nasdaq debut on Friday. The company priced shares at $40 in its IPO on Thursday, below its expected range, raising $1.5 billion. The offering has captured the attention of investors from Wall Street to Silicon Valley, as
Keywords: billion cloud company coreweave ipo
Find related items on AmazonPublished on: 2025-05-24 21:54:49
Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, gestures during the company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. Artificial intelligence cloud provider CoreWeave is set to make its Nasdaq debut on Friday. The company priced shares at $40 in its initial public offering on Thursday, raising $1.5 billion. As a supplier to OpenAI, CoreWeave is among the beneficiaries of the rise of generative AI software such as the San Fran
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Find related items on AmazonPublished on: 2025-05-25 22:40:34
Michael Intrator, co-founder and CEO of CoreWeave, speaks at Web Summit in Lisbon, Portugal, on Nov. 13, 2024. CoreWeave on Thursday priced shares at $40 in the company's IPO, raising $1.5 billion in the biggest U.S. tech offering since 2021, CNBC has confirmed. The company, which provides access to Nvidia graphics processing units for artificial intelligence training and workloads, had planned to sell shares for between $47 and $55 each. At the top end of the range, that would've valued CoreW
Keywords: billion coreweave million shares tech
Find related items on AmazonPublished on: 2025-05-25 21:16:17
The AI industry has been a roller coaster ride, to put it lightly. Selling promises of an automation revolution, startups and established tech giants alike have courted billions in funding to fuel AI development. That's led to early-adoption disasters, Wall Street burnouts, and a huge drop in support for AI from businesses around the globe. Now, the sector faces its toughest challenge yet: the first ever pure-play AI startup to go public, CoreWeave. Once an unknown player in the AI space, Core
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Find related items on AmazonPublished on: 2025-05-27 10:53:09
Nvidia is aiming to anchor CoreWeave's initial public offering at $40 a share with a $250 million order, according to a person familiar with the matter. The company initially filed the offering at $47 to $55 per share. The source told CNBC's Leslie Picker that CoreWeave is not planning on downsizing or refiling at this time. CoreWeave did not immediately respond to CNBC's request for comment. Nvidia is already a significant customer of CoreWeave, which rents out remote access to computers bas
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Find related items on AmazonPublished on: 2025-05-28 14:00:01
With 250,000 highly-desired Nvidia graphics processors, CoreWeave has become one of the most prominent "GPU clouds," a status it hopes investors will value when it debuts on the public markets. But the world of artificial intelligence hardware is moving so quickly that it raises questions about how long those chips will remain on the cutting edge and in demand. It's a concern that could impact investor demand for shares of CoreWeave, one of the most anticipated IPOs in years. CoreWeave, which
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Find related items on AmazonPublished on: 2025-05-29 06:00:00
At Weave, we’re building the best software for the best engineering teams to move faster, and we want to hire exceptional engineers to help us do so. We are a well-funded startup, backed by top investors, growing rapidly and currently profitable. You'll be working directly with me (Andrew), the CTO. Before I was CTO of Weave I was the founding engineer at Causal, and I want to give you all the support and growth opportunities in this role that I got when I went through it. You’ll also be work
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Find related items on AmazonPublished on: 2025-05-31 21:00:00
When Sam Weaver was vice president of product management at Unqork, he realized that the company needed a better way to manage its sprawling network of Kubernetes clusters — which are groups of computing nodes. When Unqork couldn’t find anything off the shelf, it assembled a 15-person team to build a Kubernetes management product. Despite the multi-million-dollar expense, Weaver said the resulting platform was just okay. “I’m thinking to myself, there’s got to be a better way of doing this,” We
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Find related items on AmazonPublished on: 2025-06-01 01:37:35
A few months ago, Casey Newton of Platformer ran a piece called " The phony comforts of AI skepticism ," framing those who would criticize generative AI as "having fun," damning them as "hyper-fixated on the things [AI] can't do." I am not going to focus too hard on this blog, in part because because Edward Ongweso Jr. already did so , and in part because I believe that there are much larger problems at work here. Newton is, along with his Hard Fork co-host Kevin Roose, actively engaged in a cy
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Find related items on AmazonPublished on: 2025-06-06 20:23:06
In Brief CoreWeave said on Wednesday that it hopes to sell its initial public shares between $47 and $55 per share, putting the money it may raise between about $2.2 billion and $2.6 billion. Word on the street is that CoreWeave wanted to raise at least $3 billion and possibly over $4 billion. But price range announcements are always a bit of a game. The announced range is often lower than the bankers think the company can really get. Then the company officially sets a higher price. Doing tha
Keywords: billion company coreweave price range
Find related items on AmazonPublished on: 2025-06-07 01:23:06
In Brief CoreWeave said on Wednesday that it hopes to sell its initial public shares between $47 and $55 per share, putting the money it may raise between about $2.2 billion and $2.6 billion. Word on the street is that CoreWeave wanted to raise at least $3 billion and possibly over $4 billion. But price range announcements are always a bit of a game. The announced range is often lower than the bankers think the company can really get. Then the company officially sets a higher price. Doing tha
Keywords: billion company coreweave price range
Find related items on AmazonPublished on: 2025-06-21 01:00:00
Enterprises have troves of internal data and information that employees need to complete their tasks or answer questions for potential customers. But that doesn’t mean the right information is easy to find. Onyx wants to solve that problem through its internal enterprise search tool. There are other big names in the category, like Glean — which has raised $600 million in venture funding — fighting for market share in the hot category, but San Francisco-based Onyx has a differentiator that helps
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Find related items on AmazonPublished on: 2025-06-24 06:50:27
In a grandmaster-level chess move, OpenAI has signed a five-year, $11.9 billion agreement with the GPU-heavy cloud service provider CoreWeave, according to Reuters, which cites people close to the deal. The deal involves OpenAI receiving $350 million worth of equity in CoreWeave, the sources told Reuters. The private placement is said to be separate from CoreWeave’s planned IPO. CoreWeave filed to become a public company last week, but it has not yet priced or scheduled its debut. It’s a win
Keywords: ai coreweave deal microsoft openai
Find related items on AmazonPublished on: 2025-07-02 15:19:30
CoreWeave’s initial S-1 document for its upcoming IPO is full of surprises. Backed by Nvidia, CoreWeave runs an AI-specific cloud service from its network of 32 data centers that together have more than 250,000 Nvidia GPUs as of the end of 2024, according to the company. Since then, it has also added a number of Nvidia’s latest product, Blackwell, which supports AI reasoning. While we don’t know yet how many shares CoreWeave plans to sell or at what price, the IPO specialists at Renaissance Ca
Keywords: billion company coreweave million shares
Find related items on AmazonPublished on: 2025-07-03 18:37:52
In Brief Nvidia-backed data center company CoreWeave has acquired AI developer platform Weights & Biases for an undisclosed sum. According to The Information, CoreWeave spent $1.7 billion on the transaction. Weights & Biases was valued at $1.25 billion in 2023, and it recently filed for an IPO. Lukas Biewald, Chris Van Pelt, and Shawn Lewis founded Weights & Biases in 2017 to create tools for developing AI applications. Today, over 1,400 organizations, including AstraZeneca and Nvidia, use th
Keywords: ai biases coreweave customers weights
Find related items on AmazonPublished on: 2025-07-06 18:55:08
CoreWeave, a provider of cloud-based Nvidia processors to companies including Meta and Microsoft , is headed for the public market. In its IPO prospectus on Monday, CoreWeave said revenue in 2024 soared more than 700% to $1.92 billion. The company recorded a net loss of $863.4 million. In 2024, 62% of CoreWeave's revenue came from Microsoft. CoreWeave filed to trade on the Nasdaq under ticker symbol "CRWV." Originally known as Atlantic Crypto, CoreWeave got its start in 2017 by offering infras
Keywords: company coreweave gpus market microsoft
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