AIFortuneabout 2 hours ago
CoreWeave revenue doubles, backlog hits $104B
3 min read
CoreWeave's second-quarter revenue more than doubled to $2.58 billion, topping analyst estimates, with CEO Michael Intrator citing effectively sold-out capacity. The AI cloud provider's revenue backlog rose 246% year-over-year to $104.2 billion, while the company posted a $626 million net loss.
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