The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 11 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
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: 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.”
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…”