Jaden Schaefer

And I think there's a lot of people that were in crypto mining and then, you know, the kind of the crypto bear market happened, the winter, crypto winter, whatever you want to call it, kind of all started with AI.

FTX collapsing, and the price of a lot of cryptocurrencies was crashing.

And a lot of these miners were not profitable.

But at the exact same time, we had AI, which was starting to scale rapidly, a lot of people needed this GPU.

And so Corby was one of those big companies that had all of this infrastructure.

And they're like, Okay, guys, we're moving to we're moving to training AI.

So since going public in March last year, they've moved really quickly to expand beyond just kind of raw compute.

Um, they're kind of building a broader AI development stack and they're doing this through a lot of acquisitions.

So they're actually going and buying a lot of companies.

I think those deals include a lot of high profile companies.

One of those is weights and biases, which is like a really widely used platform for tracking and managing machine learning experiments.

Um,

They also had the acquisition of the reinforcement learning startup, which is called OpenPipe.

And then in October, they agreed to acquire Marimo, which is an open source alternative to Jaipur Notebooks, as well as Monolith, another AI-focused company.

So I think all of these companies that they're buying shows that they have, it's a very ambitious company, and they're trying to give developers a really vertical, kind of integrated environment rather than just renting GPUs as kind of their only revenue source.

They also are kind of continuing to make a lot of relationships with some of the big AI players.

They have a whole bunch of hyperscalers that are using them and a bunch of AI labs.

So that includes OpenAI, Meta, Microsoft.

They also recently expanded their cloud partnership with OpenAI in particular.

So I think all of those relationships have helped to really set CoreWeave as...