/biz/ - Business & Finance

More on the history of the CoreWeave founders:
>be early 2000s
>get into carbon credit trading under name NatSource
>given regulatory leeway by CFTC (headed by Gary Gensler at the time
>set up dozens of shell companies in Cayman Islands to trade credits
>$$$
>same schemes used called out by Interpol years later
>be today
>Gary Gensler now head of SEC
>???
>$$$

Some resources to get you up to speed:
https://www.youtube.com/@NobodySpecialFinance (CoreWeave series)
https://twitter.com/SamanthaLaDuc
https://twitter.com/kashyap286
https://open.spotify.com/episode/1ro0eHY9zzehCxiKB0uRwx?si=7280eb5fae984d3b

previous thread
>>56050315

>>56077476

bump for you

another racist conspiracy theory easily debunked by the experts

>>56078862
>the experts
this guy still trusts grifters

>>56077476
FUD.

>>56079040
this is neither FUD nor FOMO. it's an eye-opening ongoing case study of the ethical degeneracy prevalent in the business and finance world today. it's a glimpse of the underside of the ice berg

>>56077476
post your losses trying to short NVDA

>>56079210
this could also be interpreted as a sign that big money expects AI and GPU demand to keep skyrocketing so they are making risky plays like this to stay ahead of the market... so there's a long case too

bump

>>56077476
Posting in an insider thread. Holy shit.

>>56081067
>Why did NVIDIA choose CoreWeave instead of selling these chips to the big fish like Microsoft, Google, OpenAI, etc?
Oooo, I got this one. It's because they, you know, had actual experience building fuckhueg datacenters that have a K8S set up so they can actually dish out GPUs on demand.

haha, holy shit, this is fucking surreal, real shit on biz, what the fuck. Well, not real, but still stuff you get nowhere else, even if OP is parroting someone. My mind is fucking blown.

>>56081099
Does the kubernetes interface really set them apart much? I'm not too well versed in cloud. Also i've heard they don't have their own data centers yet... still outsourced. They're hiring dozens of data center technicians on their site so it seems they are actually planning to try to scale. Maybe they're paying buku bucks for some good engineers idk but the 2.3b seems like quite a leap of faith

>>56081320
>Does the kubernetes interface really set them apart much?
In short, yes. They are one of the few companies "irl" that actually NEEDS K8S. There is no way to do what they do without K8S. All of their GPUs are defined in K8S, regardless of the physical location. So they can add one GPU or 10,000 and almost immediately whore it out. You can't do that with Azure / GCP / AWS out of the box. Nor can you do it with traditional networking.

The reason their interface is a joke is because they specifically don't want to be B2C - they lucked out into a few "real" B2B deals, and they can be a pure B2B company.

> Maybe they're paying buku bucks for some good engineers idk but the 2.3b seems like quite a leap of faith
Pure luck with AI blowing up as far as I can tell.

> They're hiring dozens of data center technicians on their site so it seems they are actually planning to try to scale.
Demand is growing, they still need someone to install the physical switches to connect to the cluster.

>NVIDIA's GPU demand appears inflated.
>CoreWeave, one of NVIDIA's major clients, has ties to NVIDIA and Wall Street powerhouses.
>Fueled by Magnetar Capital, CoreWeave has experienced rapid growth, securing successive funding rounds.
>CoreWeave leveraged GPUs as collateral to raise debt equal to its previous valuation, amounting to $2.3 billion.
>NVIDIA's Q2 earnings beat corresponds to the debt issued to CoreWeave.
>Magnetar Capital was implicated in creating CDOs that triggered the 2008 financial crisis.
>While not illegal, NVIDIA's accounting practices raise ethical questions.
CoreWeave has a history of offloading GPUs at a loss.

>>56081365
well I don't know k8s well enough at the moment to inquire deeper, but I'll take your word for it because it sounds like you know cloud. I just figured other players were probably doing the same thing if k8s enabled them to.

Have you used CoreWeave? Any experience with other (non big 3) competitors in the space like Lambda Labs or whatever?

>>56081677
I thought about this more, and I think you are dazzled by the 2b number, but it's literally the hottest industry in the world right now.

If you are asking if I think CoreWeave has some secret-sauce knowledge advantage or an elite engineering team, I think the answer to both is no. What they do have is the basic shit - some experience with datacenters and some experience with K8S specialized to running GPUs. This fairly on-point combination is why NVIDIA likely partnered with them.

I have experience with Oracle who is actually trying to be a big player in the space right now. It's a corporate cluster fuck. The reality is that no one cares about UI, etc in the space. The question is "Can you give me 10k GPUs for 4 hours at x price now" and "Will they pick up my job where it left off if it fails".

>>56081527
I didn't even know where all of this was coming from until I saw this post. Again, my thesis is "right place right time", but I don't know the history of the founders or anything like that, I just understand the GPU market. Completely slept on NVIDIA like a schmuck too. Not sure if it's too late now.

>>56081737
your input is much appreciated anon. fwiw, the history of the founders is probably the biggest red flag for me

>>56081067
this news broke like a week ago
https://www.youtube.com/watch?v=K6xALgeaSZM

>>56082187
for real, everyone knew this the day Nvidia posted those bullshit earnings

>>56082187
>>56082200
most people outside of a few niche fintwit circles haven't caught on to this. it's a bit too complex and nuanced for most. NobodySpecial's videos are fantastic but it's like an hour to go through all 3

>>56077476
>>56077494
>>56077502
Buy an ad you fucking loser, nobody cares about your coreweave company.

>>56082271
So they are spamming an ad for a public B2B company with an unclear, unnanounced IPO date according to your post? Just want to make sure I understand.

>>56082187
>>56082200
>>56082233
The more I think about this the more I think "NASDAQ holding up market. Can be claimed NASDAQ pumped on NVDA & TSLA. Dump those, claim AAPL doesn't deserve market share as usual, we dumb hard. Rates get one more bump. Crypto winter late Q4 - early Q2. Fucking brutal thread."

>>56082233
Nah brah, everyone, literally EVERYONE, was like "how in the fuck did NVDA beat by 2.3B, BILLION." The entire market told NVDA to get fucked with its bullshit once it realized the accounting tricks used. NVDA would be above 500 if the earnings were real, but instead it is quickly going sub-400 in the next 30 days. Nobody following the earnings report missed it and the stock is taking a beating for it.

>>56082332
well you must have some good sources my friend, mainstream media ran cover last week and common sentiment (or astro turf) is NVIDIA=AI=MOON. i'm coming from the uninformed retail perspective so if you're right, i'm glad this is getting out to some anons here

bump

Holy cope, if anything "big money" got fucked by the nvidia pump as they are the ones selling calls

>>56082739

this is how the b2b economy works. go to finviz and look at the software sector: every one of these companies is a coreweave type scheme just shuffling money around that originated in the form of a bond that was bought by blackrock. like it or not that's how the economy works. this scheme is obviously the biggest and shadiest around but unless they start saying it's a problem on official news channels it's nothing. it's definitely something to worry about because the same people that created corweweave can bust it up the next day and dump all the inventory on the market if they so choose, but as of now it's just one of those "market miracles" and you should stay long nvidia because if you think this is the full extent of their powers and efforts to pump a company you are mistaken. personally though, i'm overweight intc and underweight nvidia so there's that.

>>56077476
>schizo thread

take meds
AI is safe and effective
trust the experts in financial media
buy every dip
stocks always rise in the longterm

>>56081365

>dump unsold inventory to your hand puppet
>pay redditors to shill technobabble about it

>>56086246
this is what it seems like

as a software engineer, I do have a vague look at where we are at with AI. I've been playing with LLM tools for the past year. while they are super cool and can save you a lot of time in some cases, I ultimately think it's overhyped at the moment... NVIDIA (if not the whole market) probably has a significant correction coming

coreweave sounds like an afro-american hair product, will short

>>56089575
Kek. You just reminded me of this.

https://youtu.be/3Fa-aqcBNQw