Ian King

He's like, this is just a small portion.

This is me just helping them out a little bit and showing faith in what they're trying to do.

They're going to have to go and raise this money themselves.

The market will basically sort this out.

This isn't circular financing, was his argument.

Yeah, I mean, Jensen said that this is really a technology partnership, that CoreWeave is a very early adopter of NVIDIA systems, tends to do them in the way that NVIDIA thinks they should be done.

And this kind of serves as like a reference platform, so they like that.

And also, he just thinks there's a lot of demand out there, so the faster we can go, the better things get.

Yeah, I mean, as you know, Jensen never says anything without having carefully thought it through.

So he really wanted to deliver a message that this is a standalone product as well as being part of the infrastructure.

You remember previous versions have been sort of integrated into NVIDIA's computers.

Right.

Now, hey, you can use it on your own if you want, and that makes it a direct rival to some big products out there.

It shouldn't be, no.

But in this burgeoning industry, what goes around doesn't necessarily come around.

And the promise is huge.

So this is a structural shift, like electricity or the internet.

But AI, with all its potential, remains largely unproven for profitability.

So is this the dawn of a new age of AI-powered growth or the biggest bubble ever?

didn't believe that the demand for some of their best products, which would be the server chips, was there, didn't build inventory, didn't assign supply to that.