What Happens to the AI Build-Out When the Next Loan Gets Harder to Obtain?

In the first half of this year, CoreWeave spent $14 billion on equipment and infrastructure. It generated less than $4 billion in operating cash. So roughly three-quarters of the spending couldn't be

In the first half of this year, CoreWeave spent $14 billion on equipment and infrastructure. It generated less than $4 billion in operating cash. So roughly three-quarters of the spending couldn't be covered by cash from operations, and borrowing supplied most of the outside funding. CoreWeave rents computing power to AI companies, and it is building the capacity its customer contracts call for. The spending comes first. Much of the revenue comes later. Even the biggest tech companies, which gen