I looked into CoreWeave and the abyss gazed back
TL;DR
CoreWeave is a data center company capitalizing on the AI boom by providing compute resources to major clients like Microsoft and OpenAI. Its revenue surged to $1.4 billion in Q3, doubling from the previous year, highlighting its rapid growth in the industry.
Hello, my friends. Have you been feeling too sane lately? Have I got something for you! It is a company called CoreWeave.
You may not have heard of it because it's not doing the consumer-facing part of AI. It's a data center company, the kind people talk about when they say they want to invest in the "picks and shovels" of the AI gold rush. At first glance, it looks impressive: it's selling compute, the hottest resource in the industry; it's landed a bunch of big-name customers such as Microsoft, OpenAI and Meta; and its revenue is huge - $1.4 billion in the third quarter this year, double what it was in the third quarter of 2024. The compa …