Spyke

18 replies

sem
piefed.blahaj.zone

Three of the founders of AI hosting company CoreWeave — Brannin McBee, Michael Intrator, and Brian Venturo — just announced yet another planned sale of CoreWeave stock, totalling over a billion dollars’ stock sales for each since the company went public. This means that whatever happens with CoreWeave and the AI bubble … they’ve got theirs. [Bloomberg, archive]

CoreWeave has never been a solid business. It spent the past three years piling debts on debts, because this was the AI revolution! This is the future! [...]

12
awful.systems

I really try not to poke fun at names but those are three of the fakest-sounding names I've ever heard in my life

13

ai ceos named "in-trader" and "venture". thank you Hideo Kojima

5
lemmy.world

I guess we'll never know.

(its a good article, and was nice and succinct. thanks for producing content)

4

They were the ones buying Nvidia chips using debt. The debt has gotten more expensive, and the demand for Nvidia chips has remained constant (which admittedly is high).

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awful.systems

There are too many of these companies to remember at this point, to be fair. I keep getting things mixed up with SoftBank.

8

Exactly. Like I know/ knew the name, but even in David's article, it acknowledges they did a hard pivot, could even call it a few hard pivots since they're inception.

You can't blame people for not keeping track about what each and every random AI slop start up is about.

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zbyte64reply
awful.systems

Not to be confused with codeweaver which helps run windows apps on linux.

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rhamphreply
awful.systems

I dare say that’s why they shouldn’t be confused.

1

My dyslexic ass had trouble distinguishing the two, wasn't sure if others tripped over that as well.

1

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CoreWeave founders cash out — the rest is mop-up | Spyke