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

submitted 1 week 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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[–] sem@piefed.blahaj.zone 13 points 1 week ago (1 children)

Three of the founders of AI hosting company CoreWeave — Brannin McBee, Michael Intrator, and Brian Venturo — just announced yet another planned sale of CoreWeave stock, totalling over a billion dollars’ stock sales for each since the company went public. This means that whatever happens with CoreWeave and the AI bubble … they’ve got theirs. [Bloomberg, archive]

CoreWeave has never been a solid business. It spent the past three years piling debts on debts, because this was the AI revolution! This is the future! [...]

[–] theodoraward@awful.systems 14 points 1 week ago (1 children)

I really try not to poke fun at names but those are three of the fakest-sounding names I've ever heard in my life

[–] ebu@awful.systems 5 points 1 week ago

ai ceos named "in-trader" and "venture". thank you Hideo Kojima