Reported 24 days ago
CoreWeave co-founder Brannin McBee responded to fears of an AI bubble and overbuilt infrastructure, saying they do not see any signs of worry from customers. The company recently went public with a $40 share price, down from initial expectations of $47-$55, raising $1.5 billion for a valuation of $23 billion. Despite solid financial results, concerns remain regarding their high levels of debt and dependency on large clients like Microsoft and OpenAI.
Source: YAHOO