CoreWeave

In just 3 months, CoreWeave CEO, once a crypto-mining bro, becomes a deca-billionaire

CoreWeave co-founder and CEO Michael Intrator’s net worth has skyrocketed to about $10 billion in the three months since the AI firm went public, Bloomberg reports. His company’s debut was both the biggest tech IPO so far of 2025 –  raising $1.5 billion –  and also somewhat of a clunker: its founders had reportedly hoped

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CoreWeave reportedly looks to raise $1.5B in debt as IPO disappoints

Data center operator CoreWeave is reportedly seeking a $1.5 billion debt deal after a disappointing IPO. According to the Financial Times, CoreWeave is holding a roadshow this week with bankers at JPMorgan for debt options. The company’s executives intend to use the meetings to gauge investor interest. New Jersey-based CoreWeave listed its shares in March,

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CoreWeave co-founder explains how a closet of crypto-mining GPUs led to a $1.5B IPO

CoreWeave began trading on Friday with more of a shrug than a war cry. The company priced at $40 on Thursday, below the $47- $50 price range announced. It also trimmed the number of shares offered. All told, CoreWeave raised $1.5 billion and nabbed a $14 billion market cap on Day 1, instead of a

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OpenAI is aiming for AGI but landing on Studio Ghibli

OpenAI is reportedly nearing completion of a massive $40 billion funding round, with SoftBank leading the way. But this week, it wasn’t just the company funding news making headlines— its new image generator went live in ChatGPT, with capabilities including the ability to turn ordinary images into Studio Ghibli-style animation stills. While AI-generated art often

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CoreWeave prices its IPO to raise at least $2.2 billion. And now the games begin.

CoreWeave said on Wednesday that it hopes to sell its initial public shares between $47 and $55 per share, putting the money it may raise between about $2.2 billion and $2.6 billion. Word on the street is that CoreWeave wanted to raise at least $3 billion and possibly over $4 billion. But price range announcements

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OpenAI and Microsoft’s ‘frenemies relationship,’ and what you missed at SXSW

This week, OpenAI inked a five-year, $11.9 billion deal with CoreWeave, the GPU-heavy cloud provider, securing its own AI computing pipeline—and a $350 million equity stake in the company. With CoreWeave’s pending IPO and deep ties to Microsoft, OpenAI’s deal marks a significant shift in the AI cloud wars. Today, on TechCrunch’s Equity podcast, hosts

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In another chess move with Microsoft, OpenAI is pouring $12B into CoreWeave

In a grandmaster-level chess move, OpenAI has signed a five-year, $11.9 billion agreement with the GPU-heavy cloud service provider CoreWeave, according to Reuters, which cites people close to the deal. The deal involves OpenAI receiving $350 million worth of equity in CoreWeave, the sources told Reuters. The private placement is said to be separate from

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The California AI bill is back…and it lost its teeth

California’s most controversial AI safety bill of 2024 might be dead, but its author isn’t backing down. State Senator Scott Weiner is back with SB 53, a new AI bill that strips away the most debated parts of last year’s failed legislation while keeping key whistleblower protections and a public cloud computing initiative called CalCompute.

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