AI reality bytes Nvidia-backed CoreWeave IPO
The biggest IPO of the year isn't going well. It could get worse.
CoreWeave, the cloud services startup backed by Nvidia, is finding that financial-market reality can be a lot harsher than the theoretical data its AI-powered systems analyze, train and deploy.
Hyped as the hottest IPO of the year, the Livingston, N.J., group, which began its commercial life as a bitcoin miner in 2017, was originally looking to raise around $4 billion from a Nasdaq listing that would value it at around $35 billion.
