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12 CoreWeave’s Balancing Act

The Information
Martin Peers @ The Information · today 20:00 EDT

CoreWeave’s Balancing Act

If you’re getting dizzy watching CoreWeave’s balancing act, you’re not alone. The AI cloud startup reported first-quarter numbers Thursday evening showing that its business is ramping up quickly—revenue doubled in the quarter to $2 billion compared to the year-earlier period—but its investment spending and operating expenses are also taking off. It’s no wonder CoreWeave is synonymous with the high-stakes gamble that underpins so much of the AI revolution.Here’s some earnings porn to ponder. CoreWeave’s capi

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