Coreweave Company News & Analysis — The Information

Recent Articles about Coreweave

Vultr CEO J.J. Kardwell. Screenshot via YouTube/Vultr.

AMD-Backed Vultr Seeks $1 Billion for AI Cloud Push

By Miles Kruppa, Anissa Gardizy and Valida Pau · Mar 25, 2026 6:00am PDT

Vultr, one of the oldest independent cloud providers, is seeking to raise at least $1 billion in new capital so it can compete with a growing list of startups scrambling for cash to meet the surging demand for AI computing power. The company, which is backed by chipmaker Advanced Micro Devices, was founded in 2014 and didn’t raise any outside... Vultr, one of the oldest independent cloud providers, is seeking to raise at least $1 billion in...

Giga Energy cofounders Brent Whitehead and Matt Lohstroh. Photo courtesy of Giga.

Meet Giga, a AI Data Center Developer That Has Barely Raised Capital

By Stephanie Palazzolo · Mar 19, 2026 7:00am PDT

Startups developing data centers to power AI are among the most capital-hungry businesses around right now. Many are raising billions of dollars in equity and debt to build complicated facilities.There are few like Houston-based Giga Energy, however. Founded in 2019 by two Texas A&M juniors studying finance and industrial distribution, Giga... Startups developing data centers to power AI are among the most capital-hungry businesses around...

Artwork by Clark Miller

The Buildout Behind AI Is Shaking Investor Confidence

By The Information Staff · Mar 18, 2026 1:05pm PDT · 1 comment

The buildout required to support next-generation AI is proving far more complex and expensive than many expected. The scramble to secure power and finance large-scale data centers is beginning to influence how investors evaluate the economics of the AI industry. We asked Deep Research to examine how these infrastructure demands are shaping Wall... The buildout required to support next-generation AI is proving far more complex and expensive...

Sheryl Sandberg, left, and Nick Clegg were named to the Nscale board last week. Photos by Getty

Nscale Crashes the Big Leagues of Data Center Developers

By Ken Brown · Mar 18, 2026 8:49am PDT · 1 comment

Sheryl Sandberg, left, and Nick Clegg were named to the Nscale board last week. Photos by Getty

The Information Finance

Nscale Crashes the Big Leagues of Data Center Developers

By Ken Brown · Mar 18, 2026 8:49am PDT · 1 comment

A year ago, CoreWeave looked like AI’s riskiest play. Then last fall, Oracle stepped in front. More recently, Masayoshi Son’s SoftBank, no stranger to big bets, has borrowed its way to the top.This week, though, a new company took the title as riskiest AI firm: Nscale, a company run by a former coal miner that appears to have been independent... A year ago, CoreWeave looked like AI’s riskiest play. Then last fall, Oracle stepped in front....

Image via Shutterstock

AI Infrastructure

5 Ingenious Hacks That Are Boosting AI Data Centers

By Ann Davis Vaughan · Mar 16, 2026 8:00am PDT

The frantic rush to power and stand up AI data centers has spurred a range of speed hacks—from building AI tent cities, to firing up jet engines, to taking over abandoned industrial sites. What’s most surprising is all of the different ways the biggest AI data centers have improvised and scrounged to meet the staggering electricity demands of... The frantic rush to power and stand up AI data centers has spurred a range of speed hacks—from...

Nscale CEO Josh Payne. Screenshot via YouTube/Nscale.

Nvidia Cloud Ally Nscale in Talks to Buy a Major U.S. Data Center Site Ahead of IPO

By Anissa Gardizy · Mar 12, 2026 4:35pm PDT

Nscale, an upstart cloud provider heavily backed by Nvidia whose customers include OpenAI and Microsoft, is in talks to take control of one of the largest available sites for AI data centers in the U.S., according to people with knowledge of the talks and fundraising documents viewed by The Information. A deal to buy the site, located in West... Nscale, an upstart cloud provider heavily backed by Nvidia whose customers include OpenAI and...

Nvidia CEO Jensen Huang. Patrick T. Fallon/Getty Images.

Nvidia Sprays the Cash; FCC Chair’s SpaceX Defense

By Martin Peers · Mar 11, 2026 5:00pm PDT

If you’re in need of a billion or two in cash, why not hit up Jensen Huang? The Nvidia CEO has plenty of money to spare, particularly if you’re in business with him in some way. Nvidia’s announcement on Wednesday that it was putting $2 billion into Nebius, a European AI data center developer, was the fourth investment in a business partner... If you’re in need of a billion or two in cash, why not hit up Jensen Huang? The Nvidia CEO has...

The Stargate AI data center in Abilene, Texas in September. Kyle Grillot/Getty Images.

The Real Reason OpenAI Walked Away From an Oracle Stargate Expansion in Abilene

By Anissa Gardizy · Mar 9, 2026 10:30am PDT · 2 comments

The Stargate AI data center in Abilene, Texas in September. Kyle Grillot/Getty Images.

AI Infrastructure

The Real Reason OpenAI Walked Away From an Oracle Stargate Expansion in Abilene

By Anissa Gardizy · Mar 9, 2026 10:30am PDT · 2 comments

Finance and data center executives have been buzzing about a Friday Bloomberg report that Oracle and OpenAI won’t expand a data center for the ChatGPT maker in Abilene, Texas, where the companies launched their first Stargate-branded facilities. As I have since learned, OpenAI several weeks ago declined to expand its data center usage... Finance and data center executives have been buzzing about a Friday Bloomberg report that Oracle...

Vipul Ved Prakash, CEO of Together AI. Photo by Getty Images

Nvidia Cloud Ally Together AI in Talks to Raise at $7.5 Billion Valuation

By Valida Pau, Stephanie Palazzolo and Anissa Gardizy · Mar 5, 2026 1:57pm PST

Together AI, one of several up-and-coming cloud providers renting out Nvidia chip servers to AI developers, is in talks with investors to raise around $1 billion in funding at a $7.5 billion valuation before the investment, according to two people with knowledge of the fundraise. The funding would more than double its valuation from a year ago... Together AI, one of several up-and-coming cloud providers renting out Nvidia chip servers to AI...

Art via Getty Images

OpenAI Develops a ‘Bidirectional’ Audio Model to Boost Voice Assistants

By Stephanie Palazzolo · Mar 5, 2026 7:00am PST

Wow, what a day of news! In case you missed it (which would have been difficult), we broke a number of stories yesterday regarding OpenAI and Anthropic. Most memorable was this piece about the fiery, 1,600-word memo Anthropic CEO Dario Amodei penned to staff last Friday criticizing the OpenAI-Pentagon deal. (You can check out the full memo... Wow, what a day of news! In case you missed it (which would have been difficult), we broke a...

Sam Altman, left, and Andrew Jassy. Photos by Getty Images, AP.

What Amazon and Microsoft Will Win or Lose From OpenAI’s New Deals

By Aaron Holmes, Catherine Perloff, Stephanie Palazzolo, Anissa Gardizy, Valida Pau and Shane Burke · Feb 27, 2026 10:38am PST · 2 comments

OpenAI’s wide-ranging partnership with Amazon, announced on Friday as part of a bigger series of funding agreements valuing the company at $730 billion before the investment, means the ChatGPT creator will soon have two of the three biggest cloud firms pitching its services. But can both Amazon and Microsoft get a big boost without encroaching... OpenAI’s wide-ranging partnership with Amazon, announced on Friday as part of a bigger series of...

Block CEO Jack Dorsey. Getty Images.

Jack Dorsey Proves AI Job Cut Fears Are True; Ellisons Win Warner

By Martin Peers · Feb 26, 2026 5:00pm PST · 1 comment

Block CEO Jack Dorsey. Getty Images.

Jack Dorsey Proves AI Job Cut Fears Are True; Ellisons Win Warner

By Martin Peers · Feb 26, 2026 5:00pm PST · 1 comment

Jack Dorsey has been many things in his career, including social media pioneer and crypto advocate. Now he’s the grim reaper of AI. Dorsey on Thursday revealed he will lay off 40% of the employees, or about 4,000 people, at his fintech firm, Block. The reason? AI. “The core thesis is simple,” he explained in a shareholder letter. “Intelligence... Jack Dorsey has been many things in his career, including social media pioneer and crypto...

From left: Meta CEO Mark Zuckerberg, Nvidia CEO Jensen Huang, Google CEO Sundar Pichai via Getty

Google Strikes Multibillion-Dollar AI Chip Deal With Meta, Sharpening Nvidia Rivalry

By Amir Efrati and Anissa Gardizy · Feb 26, 2026 3:14pm PST

Meta Platforms has signed a deal to rent Google’s AI chips, known as tensor processing units, to develop new AI models, according to a person involved in the talks. The multi-year deal is worth billions of dollars, said a person who was briefed about it. Meta has also been talking to Google about buying TPUs for its data centers as... Meta Platforms has signed a deal to rent Google’s AI chips, known as tensor processing...

Art by Clark Miller; Getty Images.

Amazon’s $50 Billion Investment in OpenAI Could Hinge on IPO, AGI

By Sri Muppidi, Anissa Gardizy and Aaron Holmes · Feb 25, 2026 5:51pm PST · 4 comments

Amazon’s decision to invest up to $50 billion in OpenAI could hang on whether OpenAI goes public or reaches a loosely defined milestone known as artificial general intelligence, which generally refers to AI that is on par with human abilities, according to three people involved who have communicated with OpenAI executives. Under the terms of the... Amazon’s decision to invest up to $50 billion in OpenAI could hang on whether OpenAI goes public...

Andrew Feldman, Cerebras Systems. Art by Clark Miller; Getty Images.

Why OpenAI’s Cerebras Chip Deal Matters; What Anthropic Wants to Know About Chinese Rivals

By Stephanie Palazzolo and Rocket Drew · Feb 25, 2026 7:00am PST

OpenAI executives have repeatedly signaled, both publicly and privately, that the only factor limiting the company’s revenue growth is access to computational resources. Chief Financial Officer Sarah Friar wrote an entire blog post on this topic earlier this year, and OpenAI executives highlighted the message again in a presentation to investors... OpenAI executives have repeatedly signaled, both publicly and privately, that the only factor...