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Call Zone Media Bird Up.
I'm Ed Zetron and this is your weekly Better Offline monologue.
Better Offline so last week I put out a newsletter about CoreWeave,
an AI cloud provider that sells GPU compute to AI companies looking to run or train their models,
and they recently filed the paperwork to go public now.
The newsletter explained the shaky fundamentals of the business, which is putting it mildly,
and asked the question, how the fuck does coreweave survive?
This is a company that's drowning in debt and reliant on one company for more than half of its revenue.
And said company, Microsoft,
is actively pulling away from building new data center capacity and has reportedly pulled back from some contracts with coreweave,
though it's not clear what those contracts are.
Now, this is an important story,
and one that raises questions not just about the viability of Core Weave,
but the generative AI industry at large.