12-10 08:57 Wednesday
FeaturesCoreweave CEO defends AI circular deals as ‘working together’
Coreweave CEO Michael Intrator defended the company's volatile stock performance and high debt levels, attributing fluctuations to economic headwinds and its disruptive AI infrastructure model. Since its March IPO at $40, shares peaked above $150 before settling around $90, with an 8% drop following new debt issuance for data center expansion. Intrator emphasized Coreweave's strategic partnerships with Microsoft, OpenAI, and Nvidia, and recent acquisitions including OpenPipe and Monolith, while dismissing concerns about circular investments in the AI industry.
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