CoreWeave turns to customer prepayments, shorter contracts to fund AI growth
Summary
To finance its ongoing expansion in artificial intelligence, cloud provider CoreWeave is shifting its business strategy. The firm is now relying on customer prepayments, contract-backed borrowing, and shorter-term agreements that may result in increased pricing.
CoreWeave is increasingly asking customers to pay upfront, borrowing against specific contracts, and even looking to short-term deals that could lead to higher prices, according to the company’s third-quarter earnings.
Source: Read the full story at TechCrunch
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