How CoreWeave’s GPU Bet Made Four Risk-Loving Cryptominers AI Billionaires
A knack for creative financing and an enormous appetite for risk helped CoreWeave’s Michael Intrator ride the AI data center boom to a $6.7 billion personal fortune. But as bubble fears mount, his reliance on billions in debt to supply advanced chips to all the major AI players puts him in a powerful—and precarious—position.It was a sunny day in August 2017, and CoreWeave CEO Michael Intrator was beginning to think he might actually set his Manhattan office tower on fire.Dozens of powerful Nvidia GPUs were ...