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I'm Ed Zedron and this is your weekly Better Offline monologue

So last week I put out a newsletter about CoreWeave, an AI cloud provider that sells GPU

compute to AI companies looking to run or train their models, and they recently filed

the paperwork to go public. Now, the newsletter explained the shaky fundamentals of the business,

which is putting it mildly, and asked the question, how the fuck does Corweave survive? This is a company

that's drowning in debt and reliant on one company for more than half of its revenue and said

company, Microsoft, is actively pulling away from building new data center capacity and has reportedly

pulled back from some contracts with Corweave, though it's not clear what those contracts are.

Now, this is an important story and one that raises questions not just about the viability

of Corweave, but the generative AI industry at large.

That said, the subject matter is a little dense to turn into a hulking two-part episode,

so I decided to condense it into a shorter monologue for you.

Now, Corweave had intended to go public a week ago,

they might go public and a week from now, and they're apparently going with like a $25 to $30 billion

...