CoreWeave, an AI data centre operator, reported a 420% revenue increase in Q1 2025, reaching $982 million, surpassing Wall Street expectations of $860 million. Despite a net loss of $315 million for the quarter, a 143% increase from the previous year, CEO Michael Intrator emphasized strong demand for their AI cloud infrastructure. The company, which underwent a significantly reduced IPO earlier this year, has accumulated $12.9 billion in debt to support its rapid growth amid surging demand for generative AI services.
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