CoreWeave, the Company Riding the AI Boom

The Journal podcast explores CoreWeave, a company central to the AI boom, providing essential infrastructure by leasing advanced chips. Originating from Wall Street traders who initially mined cryptocurrency, CoreWeave pivoted to AI, capitalizing on the surge in demand for GPU chips following the rise of ChatGPT. The podcast discusses CoreWeave's financial strategies, including its use of debt, and examines the interconnectedness of the AI industry through circularity, where companies invest in each other. It also addresses the risks associated with CoreWeave's heavy reliance on the AI sector, questioning whether the AI boom is sustainable and what the consequences would be if the bubble bursts.