back to article GPU cloud upstart CoreWeave gets $1.1B injection as AI hype train chugs on

AI cloud firm CoreWeave scored $1.1 billion in a recent investment round, bringing its valuation up to $19 billion. The backers that furnished CoreWeave with over a billion dollars were led by investment firm Coatue and included others, most notably Fidelity, according to a Wall Street Journal report. CoreWeave's new valuation …

  1. elsergiovolador Silver badge

    AI

    MonAI LAIndering?

  2. Yorick Hunt Silver badge
    Mushroom

    All aboard!

    It's been a quarter of a century since the "dotcom bubble" burst, and speculators are still speculating.

  3. Pascal Monett Silver badge

    So, Cloud AI has no idea what a recession is ?

    When this AI nonsense starts crashing, it's going to hit the ground really hard.

    1. elsergiovolador Silver badge

      Re: So, Cloud AI has no idea what a recession is ?

      It's funny that AI didn't figure out anything for that event.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Other stories you might like