4.2 • 365 Ratings
🗓️ 14 March 2025
⏱️ 29 minutes
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0:45.9 | Okay. Hello and welcome back to Equity, TechCrunch's flagship podcast about the business of startups. |
0:46.9 | Today is Friday, March 14th. |
0:49.3 | And I'm Max F, a senior reporter at TechCrunch. |
0:51.6 | And I'm Anthony Haught, TechCrunch's weekend editor. |
0:55.1 | Max and I are missing Kirsten, our co-host. But luckily, you are actually going to be hearing both her and |
1:00.3 | Rebecca Bellen because they are at South by Southwest. Before we get to that, though, Max, you've |
1:04.4 | been tracking a little bit about the relationship between Microsoft and Corweave, right? Yes. Corweave's |
1:09.5 | been in the news a lot recently. |
1:11.6 | They're a big potential IPO contender. |
1:14.1 | But a big concern about them is that they have a very concentrated revenue source in Microsoft, |
1:19.9 | which is their biggest customer. |
1:21.5 | But in kind of a chess move with Microsoft, opening eye is actually pouring $12 billion into CorreWeave, kind of deepening their |
1:29.7 | direct relationship with them. There's a lot of interesting stuff going on with CoreWeave right now |
1:34.1 | because they're basically a GPU provider. And the information also recently reported that |
1:39.4 | Nvidia is actually the second largest Coral Wave customer. And now it seems like Open AI might be the third. |
1:45.0 | But there's a lot of kind of circular investment going on right now. |
... |
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