CoreWeave Shifts GPUs Toward AI Infrastructure

CoreWeave has transformed from a crypto-mining operator into a large-scale AI infrastructure provider, a shift begun in 2019 and accelerated after its March last year IPO and Nvidia's recent $2 billion equity investment. Executives have collected roughly $1.6 billion from stock sales since that IPO, and Bloomberg-cited research predicts thousands of new data-center entrants could cut Big Tech’s compute share below 18% by 2032.