Michael Intrator
Co-Founder and CEO, CoreWeave. On 2 shows, 2 appearances. The Shows tab opens the full record on each.
executivefounderinvestorLinkedIn ↗coreweave.com ↗Wikipedia ↗
Michael Intrator co-founded CoreWeave in 2017, leading its transition from cryptocurrency mining to a specialized GPU cloud infrastructure provider for AI workloads. Prior to CoreWeave, he worked as a commodities trader and served as co-founder and CEO of Hudson Ridge Asset Management.
2shows
2appearances
26statements
11resolved
6supported
0contradicted
55%fully supported
9said about them ↓ Everything Michael Intrator said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Intrator: Compute decommoditizes at scale as clusters grow for frontier AI models
“Computing decommoditizes its scale, right? Like, when, you know, anybody can run a GPU, but can you run a cluster that's large enough to train a model that can change the world?”
Intrator: CoreWeave's average client AI compute contract is five years
“Our clients come into us and they buy compute for five years, for six years. Our average contract is five years.”
CoreWeave uses six-year GPU depreciation schedule and expects longer lifespans
“We use a six year depreciation. We believe that the GPUs will last in excess of six years, but we felt like that was a fair and reasonable approach to a technology cycle that's moving at this velocity.”
Intrator: CoreWeave raised $35B in 18 months for infrastructure
“CoreWeave, which is a company that many people haven't ever heard of, was able to go out and raise thirty five billion dollars in 18 months to build infrastructure at scale.”
Intrator: CoreWeave's deployed GPU fleet exceeds all other neoclouds combined
“If you took all of the other neoclouds and added their GPU fleets up, we would still be a multiple of all of them combined in terms of the number of GPUs that are up and running and delivered to clients.”
Intrator: CoreWeave fully amortizes debt and profits within 5-year contracts
“Within the five years of the contracted period with Microsoft, we pay for the infrastructure, we pay for the OPEX, we pay for the interest, and we earn an enormous margin on the infrastructure.”
Intrator: OpenAI has 800 million monthly active users
“They have a franchise that has eight hundred million monthly users of their product, which is fully one 10th, one out of every 10 human beings on the planet logs on to OpenAI.”
Intrator: CoreWeave signed a $14 billion contract with Meta
“Meta that we signed a fourteen billion dollar contract with”
Intrator: NVIDIA invested $350M across two rounds while CoreWeave raised $25B
“NVIDIA has made two investments in CoreWeave. They made an investment of a hundred million dollars. And then they made an investment of and that was early, that was in the B round, I believe. .
Brian Venturo: At a two billion dollar valuation.
Michael Intrator…”
Intrator: CoreWeave created the first GPU-collateralized loan structures
“CoreWeave has really been the innovator around a lot of the financing engines that have come to bear on this. We did the first GPU based loans.”
Intrator: CoreWeave lowered its cost of capital by 600 bps in two years
“When you think about our cost of capital over the last two years, we have dropped our cost of capital by 600 basis points.”
Intrator: Global AI compute demand has exceeded world capacity for four years
“For years now, for four years, the depth of the demand for the service we provide has been relentless and overwhelms the global capacity of the world to deliver enough compute to enable all of the demand for artificial intelligence to be stated.”
Intrator: No single customer accounts for over 30% of CoreWeave backlog
“There's no customer that represents more than 30% of our backlog, and so we've done an incredible job.”
Intrator: CoreWeave secures 85% of infrastructure exposure with long-term contracts
“What we are doing Is we are making the majority of our investments by taking Long-term contracts from credit-worthy entities using those contracts as a way of raising money to build the infrastructure where the demand and the credit and the capital has already…”
Intrator: CoreWeave borrowing spread dropped from SOFR+1350 to SOFR+400
“No, it was SOFR plus 13 50 down to SOFR plus 400, right?”
Intrator: CoreWeave is worth $40 billion
“From the perspective of, you know, the company is worth forty billion dollars.”
Michael Intrator: AI inference represents the monetization of AI investment
“I always think of inference as the monetization of the investment in artificial intelligence.”
Intrator: Prices for older Nvidia A100 GPUs appreciated over the last year
“The A-Hundreds, the Amperes, this year, the price has appreciated through the year.”
Intrator: Data center power opportunity defines GPU hardware obsolescence
“My expectation is, is obsolescence will be defined by the moment in time where the power in the data center For me, will be able to be repurposed for a higher margin than the existing infrastructure provides.”
Intrator: A 2023 fab investment cycle would have met current AI demand
“There was probably an investment cycle that needed to happen back in 2023. That would have brought on the necessary fab capacity to be able to serve.”
Intrator: OpenAI token costs dropped from $32 to nine cents
“She was talking about the cost of a million tokens when ChatGP three came out, and it was 32 dollars in change, and now a million tokens cost nine cents.”
Intrator: Google is building $50B in infrastructure while buying external capacity
“Google went out and just You know, released a press release where they're building fifty billion dollars worth of infrastructure while they're still buying from everyone else they can. Microsoft is building internally, and they're buying from lots of other pla…”
Intrator: Power availability will become an issue for AI in three years
“In three years, power is going to be an issue.”
The other half of the tape: Michael Intrator's own voice is left out of every number here. Other people bring the name up 9 times in 3 episodes across the shows. every mention, with the transcript →
Who brings them up most Jim Cramer 7Joe Lonsdale 1Jason Calacanis 1
Every mention by year
tap a year for its mentions
Big Technology 7
All-In 2
2026 1 mention in 1 episode
One line per show, most statements first. The link opens Michael's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
| ALL-INLEDGER | Co-Founder and CEO, CoreWeave | 1 | 15 | 50% 3/6 | full record on All-In → |
| BIG TECHNOLOGYLEDGER | Co-Founder and CEO, CoreWeave | 1 | 11 | 60% 3/5 | full record on Big Technology → |