Michael Intrator

to new companies, startups, companies that have struggled to get access to the compute that they require to bring new companies, organizations, ideas into existence.

And I think it's just an incredibly important component of how the

infrastructure is so important to allowing the ecosystem itself of these startups, of these new companies, of these new ideas to become more resilient, to become more scaled.

And it's just a great contract for us to be able to position ourselves.

It also provides this wonderful on-ramp

for us to be able to work with the new amazing companies that are coming into existence so that they integrate into our solution and get to make use of the best alternative that exists in the market as they're scaling their companies.

So look, we have always been client-led, right?

Our clients come to market and tell us, hey, we would like you guys to help us build a cluster.

We need it to be this size and this location and this type of network.

And we work with them.

in a very kind of interactive way to ensure that the infrastructure that we're building is the best infrastructure for them, is fungible for us, like all of these type of requirements to make for successful delivery of infrastructure.

Right now, the reality of the situation is the buy signals from our clients overwhelm our capacity to deliver infrastructure to the market.

Matter of fact, they overwhelm the entire market's capacity to deliver infrastructure to the market.

You have a systemic shortage of ability to deliver the GPUs, the computing infrastructure for the build out of artificial intelligence.

And we have never wavered from that position.

We have been very, very clear that

You know, when we look at the demand signals coming into CoreWeave, the totality of that overwhelms the capacity of the market to deliver that.

And we'll continue to do that for quite a while.