Andrew Feldman

But it is true that when Google or when Cerebrus puts our equipment in our own data center, we have a significant advantage over a neocloud.

But it is true that when Google or when Cerebrus puts our equipment in our own data center, we have a significant advantage over a neocloud.

Because neoclouds are buying hardware with gross margins of 70, 80% for NVIDIA.

Because neoclouds are buying hardware with gross margins of 70, 80% for NVIDIA.

So the hardware in those data centers, and then they have to make their margin.

So the hardware in those data centers, and then they have to make their margin.

That's not what Google's doing.

That's not what Google's doing.

I think CoreWeave has been an extraordinarily innovative company.

I think CoreWeave has been an extraordinarily innovative company.

I think they've solved a series of financial challenges with really innovative sort of financial engineering.

I think they've solved a series of financial challenges with really innovative sort of financial engineering.

They were the first to use debt in a very innovative way.

They were the first to use debt in a very innovative way.

They get enormous credit for that.

They get enormous credit for that.

They have been extremely good at sort of rapid deployment, which itself is a really important skill in this environment.

They have been extremely good at sort of rapid deployment, which itself is a really important skill in this environment.

I don't know about the others, but all of us have challenges as our business grows.

I don't know about the others, but all of us have challenges as our business grows.