this post was submitted on 14 Apr 2025
33 points (100.0% liked)
TechTakes
1788 readers
112 users here now
Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
This is not debate club. Unless it’s amusing debate.
For actually-good tech, you want our NotAwfulTech community
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I'm not really an accelerationist, but I'll make an exception for this
Many ordinary people lost their jobs and homes during the Great Recession, while no one at the top was ever held individually accountable. Knowing the dynamics of the tech world, a hard crash would likely end up playing out the same way.
Isn't being a fall-man the point of Coreweave for Microsoft, NVIDIA, and everyone else using them as middle-man? They all theoretically have the ability to do the things Coreweave does in-house, but that would expose them to more risk if the bubble pops, so they have Coreweave take on the biggest part of the risk and draw in outside investor money?
they use them out of need not out of want: coreweave happened to have the silicon already because it was going to be mining crypto. and in a market where trying to get new silicon is a months-backlog problem...
Oh, I had misunderstood their role in this. So they are more like someone that was already in place for other (scammey) reasons than anyone's preferred partner or middleman? And they are critical enough to be a weak link that breaks first and brings everyone else down?
yeah, their business is as hot air as the worst around, but (at least within the US) there are vanishingly few places to get lots of high-end compute and they're one of the only "free agents"
zitron's analysis about them included a bunch of details re financials and such