Larry Dignan

Editor in Chief of Constellation Insights
Constellation Research
Larry Dignan photograph

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CoreWeave said it has established an at-the-market (ATM) offering program that'll enable it to sell up to 35 million shares to raise money. The ATM program "is being established to provide ongoing financing flexibility and to support CoreWeave’s objective of migrating its enterprise credit profile toward investment grade."

In addition, CoreWeave said it will seek to raise $3 billion in convertible bonds due 2033.

Along with the fundraising, CoreWeave said compute capacity prices are moving higher. The company said it has signed short-term customer contracts ranging from three to six months at a price of $40 million per megawatt.

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Meta CEO Mark Zuckerberg penned a missive on AI regulation that boiled down to this: Frontier labs need to get it together. In an X post that rhymed with the take from Nvidia CEO Jensen Huang, Zuckerberg said:

"Meta delayed shipping Muse for several months to focus on safety and security. We didn't call for everyone else to do this before we would. We just did it as part of our day-to-day work because it was clearly the right thing for people and for us. I'm proud of the security foundations we've built."

I'll suspend disbelief that this is coming from a guy who made all of his money addicting people to social media, but he has a point.

See: Anthropic CEO Amodei: Think of AI safety like car safety