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CoreWeave founders cash out — the rest is mop-up (pivot-to-ai.com)
submitted 6 days ago by [M] to c/techtakes@awful.systems
18 comments fedilink hide all child comments
 

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

all 18 comments

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[–] 15 points 5 days ago (2 children)

Ed's I Told Ya So is going to be deafening this week

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    • [–] 13 points 6 days ago (2 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! [...]

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    • [–] 5 points 6 days ago (11 children)

    I forget what coreweave was.

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  • [–] [S] 11 points 6 days ago (3 children)

    if only there were links that answered the question

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  • [–] 8 points 6 days ago (1 child)

    There are too many of these companies to remember at this point, to be fair. I keep getting things mixed up with SoftBank.

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  • [–] 1 point 6 days ago

    Exactly. Like I know/ knew the name, but even in David's article, it acknowledges they did a hard pivot, could even call it a few hard pivots since they're inception.

    You can't blame people for not keeping track about what each and every random AI slop start up is about.

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  • [–] 2 points 5 days ago (4 children)

    Not to be confused with codeweaver which helps run windows apps on linux.

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  • [–] 1 point 5 days ago (3 children)

    These.. these arent the same thing?

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