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Nvidia-Backed CoreWeave Feels the Pain of Rapid Growth
The Information www.theinformation.com
CoreWeave, a fast-growing cloud computing provider that rents access to Nvidia’s hard-to-get artificial intelligence chips, has raised more than $2.7 billion in debt and equity this year to obtain more chips and space in data centers. Now CoreWeave may be feeling growing pains.
The company recently lowered its projected revenue and capital expenditure for the year, according to documents viewed by The Information. In April, the company told investors it expected to generate about $630 million in revenue, according …
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