CoreWeave’s journey is a gripping tale of three Wall Street traders who pivoted from modest crypto mining to powering the AI gold rush—becoming the backbone of OpenAI’s ChatGPT and Microsoft’s AI workloads, wielding control over 250,000 Nvidia GPUs and scaling revenue from $16 million to $1.9 billion in just two years. The story explores their bold bets, financial wizardry, and hypergrowth, while also digging into risks like customer concentration, massive debt, and the wild volatility of its $23 billion IPO. Is CoreWeave the AWS of AI or the WeWork of GPUs? Dive into this deep-dive narrative to uncover what’s driving today's AI infrastructure revolution—and decide for yourself whether it's the next epoch-defining tech platform or a spectacular bubble waiting to burst.
Covering
I. Introduction & The AI Gold RushII. The Unlikely Origin Story: Atlantic Crypto (2017-2019)III. The Pivot: Building a Specialized Cloud (2019-2022)IV. The ChatGPT Explosion & Microsoft Partnership (Nov 2022-2023)V. The Hypergrowth Era: Scaling to Meet AI Demand (2023-2024)VI. The IPO & Public Market Reality Check (2025)VII. The Business Model: Infrastructure-as-a-Service for AIVIII. Power Plays: Competition, Moats, and Market DynamicsIX. Playbook: Lessons in Timing, Pivots, and Capital AllocationX. Analysis: Bull vs. Bear CaseBear Case: The WeWork of GPUsThe Verdict: Spectacular Success or Spectacular FailureXI. Epilogue: What CoreWeave Means for the AI EraXII. Recent NewsXIII. Links & Resources
