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CoreWeave founders cash out — the rest is mop-up (pivot-to-ai.com)

submitted 5 days ago by dgerard@awful.systems to c/techtakes@awful.systems

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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

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[–] TropicalDingdong@lemmy.world 4 points 5 days ago* (last edited 5 days ago) (1 children)

I guess we'll never know.

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

[–] hasnt_seen_goonies@lemmy.world 1 points 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).