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David Gerard@awful.systemsM to TechTakes@awful.systemsEnglish · 5 days ago

CoreWeave founders cash out — the rest is mop-up

pivot-to-ai.com

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CoreWeave founders cash out — the rest is mop-up

pivot-to-ai.com

David Gerard@awful.systemsM to TechTakes@awful.systemsEnglish · 5 days ago
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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 dol…

A successfully concluded blowoff

https://www.youtube.com/watch?v=s1D5LXlAPE0&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20261019-coreweave-founders-cash-out-the-rest-is-mop-up - podcast

time: 5 min 13 sec

  • TropicalDingdong@lemmy.world
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    5 days ago

    I forget what coreweave was.

    • David Gerard@awful.systemsOPM
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      5 days ago

      if only there were links that answered the question

      • blakestacey@awful.systems
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        5 days ago

        I’m tempted to lower the banhammer just for the dancing-banana icon alone.

      • TropicalDingdong@lemmy.world
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        5 days ago

        I guess we’ll never know.

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

        • hasnt_seen_goonies@lemmy.world
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          4 days ago

          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).

    • it_wasnt_arson@awful.systems
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      5 days ago

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

      • TropicalDingdong@lemmy.world
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        5 days ago

        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.

    • zbyte64@awful.systems
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      4 days ago

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

      • TropicalDingdong@lemmy.world
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        4 days ago

        These… these arent the same thing?

        • rhamph@awful.systems
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          4 days ago

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

          • TropicalDingdong@lemmy.world
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            4 days ago

            Who isn’t confused?

        • zbyte64@awful.systems
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          4 days ago

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

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