CoreWeave is on the cusp of a huge IPO — but it could face an expensive hardware problem

Source: Business Insider

Michael Intrator, the CEO of CoreWeave, is on the cusp of a big initial public offering. Bruno de Carvalho/SOPA Images/LightRocket via Getty ImagesRapid AI advancements may reduce the useful life of CoreWeave's Hopper-based Nvidia GPUs. CoreWeave has a lot of Hopper-based GPUs, which are becoming outdated due to the Blackwell rollout.