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Ed Zitron
@edzitron.com

Newsletter: We need to talk about CoreWeave, the first big IPO of the generative AI bubble, with a speculated $35bn valuation, burdened by ruinous debt, impossible-to-meet capacity obligations, and a data center partner that's never built any AI compute. www.wheresyoured.at/core-incompetency/

wheresyoured.atCoreWeave Is A Time BombSoundtrack: EL-P (ft. Aesop Rock) - Run The Numbers In my years writing this newsletter I have come across few companies as rotten as CoreWeave — an "AI cloud provider" that sells GPU compute to AI c...
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@toppleton.com

Their primary moat appears to be “we got dibs on the new chips”. And the services are so amazing OpenAI needs $350m of free diluted stock to get a deal signed. The founders clearly have figured out that the music is stopping, and to cash out now. Bag holders line up.

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