Keep pulling the thread on Liz Lopatto.
CoreWeave went public in March and currently has a market capitalization of almost $50 billion.
OpenAI has a $22 billion contract with CoreWeave.
NVIDIA is an investor in CoreWeave and purchased shares during its IPO in March.
CoreWeave lowered its annual revenue forecast from an upper limit of $5.35 billion to $5.15 billion.
CoreWeave has provided OpenAI with $350 million of its company stock.
CoreWeave's existence is dependent on financial investment from NVIDIA.
Microsoft has invested approximately $13 billion in OpenAI, which in turn pays Microsoft a similar amount for computing services, in what is described as a circular financing arrangement.
CoreWeave pioneered a type of loan that uses NVIDIA GPUs as collateral.
NVIDIA has guaranteed it will purchase any of CoreWeave's excess compute capacity that is not sold to other customers.
In the current year, CoreWeave has signed contracts worth tens of billions of dollars with companies including Meta and OpenAI for data center access.
CoreWeave owns more than 250,000 NVIDIA chips and exclusively uses NVIDIA hardware in its data centers.
OpenAI CEO Sam Altman has repeatedly stated that he believes the AI industry is in a bubble.