Coreweave Company News & Analysis — The Information

Recent Articles about Coreweave

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OpenAI Employees Have Cashed Out $3 Billion in Shares

By Natasha Mascarenhas · Jun 12, 2025 5:10pm PDT

My colleague Sri Muppidi broke the news Wednesday of OpenAI’s latest fundraising talks as it seeks to raise an unprecedented $40 billion. One previously unreported detail is that SoftBank bought about $240 million in shares from a small group of current and former employees this spring. That deal brought the total share sales by current and... My colleague Sri Muppidi broke the news Wednesday of OpenAI’s latest fundraising talks as it...

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In IPO Market, FOMO Replaces Fear

By Cory Weinberg · Jun 12, 2025 5:00pm PDT

Did you hear that pop? Tech initial public offerings are getting loud, a little silly, and highly profitable for investors again. Banking app Chime’s share price jumped 37% above its IPO price Thursday, its first day of trading on Nasdaq, lifting its market cap past $15 billion. It’s the latest in a string of price pops that are helping to... Did you hear that pop? Tech initial public offerings are getting loud, a little silly, and highly...

Navan CEO Ariel Cohen. Photo via AP.

Travel Software Startup Navan to File This Month for Fall IPO

By Cory Weinberg · Jun 12, 2025 12:05pm PDT

Navan, a corporate travel software startup, is planning to file confidentially for an initial public offering as early as next week, two people familiar with the matter said, a further sign of a rebound in public listings for venture-backed startups. The company, backed by Zeev Ventures, Lightspeed Venture Partners and Andreessen Horowitz, is... Navan, a corporate travel software startup, is planning to file confidentially for an initial...

Image by Mike Sullivan via Midjourney

The AI Industry’s Swim Lanes Get Even Blurrier

By Stephanie Palazzolo · Jun 12, 2025 7:00am PDT

Image by Mike Sullivan via Midjourney

The AI Industry’s Swim Lanes Get Even Blurrier

By Stephanie Palazzolo · Jun 12, 2025 7:00am PDT

If your artificial intelligence firm isn’t also a chipmaker and cloud provider, are you even an AI company?That’s what it’s starting to feel like, as more companies try to fill out more parts of the AI “stack” by providing the models, hardware and computational resources businesses need to build or use AI-powered apps. In just the last 24... If your artificial intelligence firm isn’t also a chipmaker and cloud provider, are you even an...

Nvidia CEO Jensen Huang via Getty

Nvidia Muscles Into GPU Cloud Market, Rankling New Rivals

By Anissa Gardizy · Jun 11, 2025 6:00am PDT

Nvidia recently debuted a cloud service enabling artificial intelligence developers to rent server chips directly from the chip designer, part of its push into the cloud market dominated by Amazon and Microsoft. In doing so, Nvidia is encroaching on the turf of CoreWeave and dozens of other up-and-coming firms that sell the same type of service.... Nvidia recently debuted a cloud service enabling artificial intelligence developers to rent...

Meta CEO Mark Zuckerberg, left, and Scale AI CEO Alexandr Wang. Photos via Getty

What Meta-Scale AI Deal Could Mean; Cursor’s Explosive Revenue

By Amir Efrati · Jun 9, 2025 7:00am PDT

Before we get to today’s column, here’s something to noodle on.On Friday, word spread widely across the industry that an unnamed public company was going to invest a cool $10 billion in an unnamed private AI firm. On Saturday afternoon, Scale AI’s name popped up as the alleged recipient. By nighttime, Bloomberg reported Meta Platforms was the... Before we get to today’s column, here’s something to noodle on.On Friday, word spread widely...

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Pro Weekly: IPO Hopefuls Are Getting Camera-Ready

By Akash Pasricha · Jun 6, 2025 8:00am PDT

Say cheese!Some companies on our Tech IPO Tracker are finally pushing ahead on long-awaited listings. The latest is stablecoin company Circle, which started trading on Thursday and ended the day with its shares closing at more than twofold its initial public offering price.Earlier this week, I took a look at the private firms that have hit dead... Say cheese!Some companies on our Tech IPO Tracker are finally pushing ahead on long-awaited...

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Why CoreWeave’s Stock Surge Might Surprise the Doubters

By Cory Weinberg · Jun 3, 2025 3:13pm PDT · 2 comments

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Why CoreWeave’s Stock Surge Might Surprise the Doubters

By Cory Weinberg · Jun 3, 2025 3:13pm PDT · 2 comments

The most dangerous game in artificial intelligence investing right now is CoreWeave. Retail traders have helped bid up its stock price by 277% since its lackluster initial public offering, powering its market valuation from $23 billion to a remarkable $72 billion in two months. “It’s the most incredible thing I’ve ever seen,” one hedge fund... The most dangerous game in artificial intelligence investing right now is CoreWeave. Retail...

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Chime’s Founders Hedge Their Bets

By Cory Weinberg · Jun 2, 2025 5:00pm PDT

Chime executives and bankers will spend the next week trying to convince investors that its stock will rise after its initial public offering. The company’s cofounders seem to be preparing for the opposite.New stock awards granted to cofounders Christopher Britt and Ryan King as part of the offering set a low bar potentially at the expense of... Chime executives and bankers will spend the next week trying to convince investors that its stock...

Mike Cessario, founder and CEO of Liquid Death, on stage at an event. Photo by Getty.

The Takeover Targets Emerging Out of IPO Dead Ends

By Akash Pasricha · Jun 2, 2025 1:02pm PDT

This year has seen trickles of tech initial public offering activity, but there’s still a sizable list of IPO hopefuls whose public market ambitions have stalled. Bankers say that dynamic is encouraging more private companies to try to find a buyer instead. To that end, we updated our Tech IPO Tracker to highlight the likeliest takeover targets... This year has seen trickles of tech initial public offering activity, but there’s still a sizable...

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Every VC-Backed IPO in the Past 12 Months Has Been a Down Round

By Cory Weinberg · May 30, 2025 6:00am PDT · 5 comments

When banking app Chime goes public next month, it will mark the eighth straight venture capital–backed initial public offering in the past 12 months to be valued less than it was in private fundraising rounds. Chime, for instance, was valued at $25 billion in 2021, but its bankers have been discussing pricing its shares at roughly an $11... When banking app Chime goes public next month, it will mark the eighth straight venture...

Art by Clark Miller; Abilene image via Getty.

JPMorgan to Lend More Than $7 Billion For OpenAI Data Center

By Anissa Gardizy · May 22, 2025 8:02am PDT

Art by Clark Miller; Abilene image via Getty.

JPMorgan to Lend More Than $7 Billion For OpenAI Data Center

By Anissa Gardizy · May 22, 2025 8:02am PDT

JPMorgan Chase has agreed to lend more than $7 billion to the firms building OpenAI’s giant artificial intelligence data center campus in Abilene, Tex., according to two people with direct knowledge of the deal. The deal with JPMorgan, which has not been previously reported, reflects continued interest from lenders and investors in backing the... JPMorgan Chase has agreed to lend more than $7 billion to the firms building OpenAI’s giant...

Jony Ive, left, and Sam Altman. Photos by Getty

The Coming Culture Clash for Jony Ive’s Io and OpenAI

By Stephanie Palazzolo · May 22, 2025 7:00am PDT

OpenAI’s been on a shopping spree.First, a $3 billion bid for Windsurf, the maker of a popular AI coding assistant formerly known as Codeium. And now, a whopping $6.5 billion acquisition of io, the AI device startup OpenAI CEO Sam Altman and former Apple design chief Jony Ive have been working on for a couple of years.That second deal shouldn’t... OpenAI’s been on a shopping spree.First, a $3 billion bid for Windsurf, the maker of a popular AI...

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What’s Helping Perplexity’s 60% Gross Profit Margin

By Laura Mandaro and Sri Muppidi · May 19, 2025 7:31am PDT

Earlier today we published a deep dive on Perplexity’s financials. The three-year-old startup’s AI powered search engine has made it one of the most highly valued and fastest growing AI startups. Supporting that growth is expensive. As a sign of its growing popularity, the number of questions people have asked the search engine increased... Earlier today we published a deep dive on Perplexity’s financials. The three-year-old startup’s...

Nvidia CEO Jensen Huang. (Getty Images)

Quantum Computing

Nvidia in Talks to Invest in Quantum Startup PsiQuantum

By Anissa Gardizy · May 18, 2025 6:41pm PDT · 1 comment

Nvidia is in advanced talks to invest in PsiQuantum, a quantum computing startup, according to a person involved in the discussions. The investment would be the latest signal that Nvidia has shifted its stance on quantum computing after CEO Jensen Huang earlier this year seemed to cast doubt on the field, saying it was likely two decades... Nvidia is in advanced talks to invest in PsiQuantum, a quantum computing startup, according to a...

Chime headquarters in San Francisco. Photo via Shutterstock

Chime’s Approach to Payday Lending Is Costly—for Chime

By Cory Weinberg · May 16, 2025 6:00am PDT · 1 comment

Chime headquarters in San Francisco. Photo via Shutterstock

Chime’s Approach to Payday Lending Is Costly—for Chime

By Cory Weinberg · May 16, 2025 6:00am PDT · 1 comment

Last summer, banking app Chime introduced a lending product that let customers borrow small amounts to get them through to their next paycheck. Typical payday lenders charge exorbitant fees, but Chime was making the loans largely for free. The fintech’s big bet is that fronting cash to customers—and only charging people that want... Last summer, banking app Chime introduced a lending product that let customers borrow small...

YouTube CEO Neal Mohan. Photo via Getty

Why YouTube Should Say How Much Money It Makes

By Martin Peers · May 15, 2025 5:00pm PDT

Video-streaming and TV executives were out in force in New York this week, as outlets pitched their program schedules to marketers at lavish star-studded presentations. None other than Lady Gaga performed at YouTube’s party in Lincoln Center, for instance. There’s no doubt YouTube has come a long way since its founding 20 years ago. It now has a... Video-streaming and TV executives were out in force in New York this week, as outlets pitched...

Chime CEO Chris Britt. Photo via Getty

Chime, Snap and Founder Stock

By Martin Peers · May 14, 2025 5:00pm PDT

How much motivation does a company founder need to make their company a success? In the case of Chime, a fintech firm whose mission is to offer banking services to low- and mid-income people, quite a lot, it seems. When Chime filed paperwork to go public on Tuesday, it revealed that last month it awarded co-founders Chris Britt (who is also CEO)... How much motivation does a company founder need to make their company a success? In the case of...

An Amazon Web Services data center in Ashburn, Va. Photo via Getty

Cash-Hungry Data Centers Embrace a New Source of Debt

By Miles Kruppa · May 12, 2025 6:00am PDT

In the race to fund the buildout of artificial intelligence infrastructure, data centers have turned to one of the biggest pots of money on Wall Street: the securitized lending business. It’s a $2 trillion market that could help satisfy AI’s insatiable need for cash and that would spread the risk of the unprecedented boom in data centers across... In the race to fund the buildout of artificial intelligence infrastructure, data centers have...

Art by Mike Sullivan

Why an AI Data Center on the Prairie Is Sitting Empty

By Anissa Gardizy · May 10, 2025 10:00am PDT · 3 comments

Art by Mike Sullivan

Why an AI Data Center on the Prairie Is Sitting Empty

By Anissa Gardizy · May 10, 2025 10:00am PDT · 3 comments

For a town with a population of just over 1,000, a Bible college and a quaint main street, there’s an unusual amount of bustle in Ellendale, N.D. A housing project with 20 homes is going up, along with a 38-unit apartment complex. Even a new pickleball court just opened. All of the developments are meant to support an anticipated influx of... For a town with a population of just over 1,000, a Bible college and a quaint main street, there’...