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0 0 0 0 0 0.00573065902578805 0.00343839541547291 -0.00286532951289382
Stock impact report

Coreweave CEO defends AI circular deals as ‘working together' [TechCrunch]

Core Scientific, Inc. (CORZ) 
Company Research Source: TechCrunch
Another setback took place in October, when a planned acquisition of the cloud provider's business partner, Core Scientific, faltered due to skepticism from the acquisition target's shareholders. In the meantime, the firm has acquired a number of different companies, its stock has gone up and down , and it's been both criticized and lauded for its role in the booming AI data center market. In an interview at Fortune's AI Brainstorm summit in San Francisco on Tuesday, Coreweave's co-founder and CEO, Michael Intrator, defended his company's performance from critics, noting that it was in the midst of creating a “new business model” for how cloud computing can be built and run. Their collection of Nvidia GPUs is so valuable, they borrow against it to help finance their business. The executive seemed to imply: If you're charting a new path, you're destined to encounter some road bumps along the way. “I think people are myopic a lot of times,” Intrator said, when questioned about hi Show less Read more
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