Anthony Scilipoti
👤 SpeakerAppearances Over Time
Podcast Appearances
So it's all circular what's going on here.
There's a new company that just went public earlier this year, CoreWeave.
Who is its largest customer?
CoreWeave provides data transaction like analysis on chips, right?
It's a data farm for the large AI users like Microsoft.
Its largest customer is Microsoft.
Microsoft hasn't invested in it, but Nvidia supplies pretty much all its chips.
Well, Nvidia is a large or is a meaningful investor in CoreWave.
CoreWave goes public.
It's trying to close its equity, its financing on the last moment.
NVIDIA buys $250 million worth of shares of CoreWeave so that it could close the deal.
These are, you know, J.P.
Morgan gives them a loan so that they could just before they go public and then they go public and repay the loan to J.P.
Morgan.
Who's one of the lead underwriters?
J.P.
Morgan.
No one's doing anything bad.
No one's cheating.
It's just these are all the same type of symptoms of things that were going on way back some 25 years ago.