Skip to main content

Ai Platforms

CoreWeave: AI Infrastructure Built for the Next Decade; Upside Down Business Model

Written by

Beth Kindig

Founder, CEO and Lead Technology Analyst

Published: April 4, 2025

Last Updated: April 4, 2025

CoreWeave brands itself as the world’s first “AI hyperscaler” as they offer both infrastructure and a software platform for developing large language models and deploying them. Being dubbed an AI infrastructure player means CoreWeave must offer a compelling value proposition to attract business from arguably the largest competitors in the world – AWS, Microsoft Azure and Google Cloud. In its S-1 fling, the company points out it was built for AI workloads as opposed to the legacy cloud infrastructure-as-a-service providers that were primarily optimized for the cloud software era and e-commerce era. CoreWeave also asserts that outdated cloud infrastructure leads to lower utilization rates when you factor in usage.

Discovery members

Sign in to read the full article

Sign in with your I/O Fund account to check your plan access.

Curation

Expand your knowledge

View all posts
3 AI Trends Driving the 2026 Cybersecurity Stocks Rally
CYBERSECURITY STOCKS

3 AI Trends Driving the 2026 Cybersecurity Stocks Rally

Cybersecurity stocks surged in 2026 as AI-enabled attacks rose 89%. We look at how AI threats, AI labs and platform consolidation are driving demand.

CYBERSECURITY STOCKSOCT 31, 2026
Beyond Hyperscalers: Here’s the Next $1 Trillion AI Infrastructure Opportunity
AI STOCKS

Beyond Hyperscalers: Here’s the Next $1 Trillion AI Infrastructure Opportunity

Since 2022, Big Tech capex has been the clearest barometer of AI demand. But the market’s reaction to Google’s latest earnings shows investors are questioning how long that spending can last. While the market frets over hyperscalers’ cash flows, a second wave of AI infrastructure spending has quietly emerged, driven by enterprises and neocloud customers.

AI STOCKSOCT 30, 2026
Google’s $250 Billion AI Chip Opportunity Takes Aim at Nvidia
AI PLATFORMS

Google’s $250 Billion AI Chip Opportunity Takes Aim at Nvidia

In April, there was a major shift in the AI accelerator market, and for once, it didn’t come from Nvidia. Six months later, merchant TPUs are moving from announcement to commercial execution, with Google recognizing its first revenue from TPU systems in Q2 (from a small base). Last quarter, Cloud revenue growth accelerated to 82% for $24.8 billion, compared to $22.5 billion expected. In addition, new details around the TPU 8t show that Google’s threat to Nvidia is not limited to inference. At the time, we pointed out that Google may be one of Nvidia’s strongest AI challengers, as Big Tech is closest to the problems that accelerators must solve. The problem that Google is prioritizing is lower cost per token, with token economics becoming a predominant concern as AI spending is pushing Big Tech’s free cash flows into the red. Below, we discuss two reasons why Google’s AI story is about to change, not from advancements in AI software, but by going after one of the most profitable hardware businesses the tech industry has ever seen.

AI PLATFORMSOCT 23, 2026