<div id="readability-page-1"><figure>  <img src="https://imageproxy.pbkrs.com/https://platform.theverge.com/wp-content/uploads/sites/2/2025/11/258082_BUBBLE-_coreweave_CVirginia23.jpg/query-Y3JvcD0wLDAsMTAwLDEwMCZxdWFsaXR5PTkwJnN0cmlwPWFsbA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="2040" height="1360" original-src="https://imageproxy.pbkrs.com/https://platform.theverge.com/wp-content/uploads/sites/2/2025/11/258082_BUBBLE-_coreweave_CVirginia23.jpg/query-Y3JvcD0wLDAsMTAwLDEwMCZxdWFsaXR5PTkwJnN0cmlwPWFsbA"/>  <figcaption>   </figcaption> </figure> <p>Hello, my friends. Have you been feeling too sane lately? Have I got something for you! It is a company called CoreWeave.</p> <p>You may not have heard of it because it's not doing the consumer-facing part of AI. It's a data center company, the kind people talk about when they say they want to invest in the &#34;picks and shovels&#34; of the AI gold rush. At first glance, it looks impressive: it's selling compute, the hottest resource in the industry; it's landed a bunch of big-name customers such as Microsoft, OpenAI and Meta; and its revenue is huge - $1.4 billion in the third quarter this year, double what it was in the third quarter of 2024. The compa …</p> <p>Read the full story at The Verge.</p></div>

CRWV

OpenAI

MSFT

<p>CoreWeave, a data center company focusing on AI infrastructure, has seen impressive growth. It reported $1.4 billion in revenue for Q3 this year, doubling its revenue from the same period in 2024. The company has secured major clients like Microsoft, OpenAI, and Meta, positioning itself as a key player in the AI "picks and shovels" market.</p>

- CoreWeave is a data center company positioned in the AI sector, focusing on providing essential computing resources.  
- It has secured significant clients, including Microsoft, OpenAI, and Meta, and reported a revenue of $1.4 billion in Q3 2025, doubling from the previous year.  
- The company exemplifies the "picks and shovels" investment strategy in the AI industry, highlighting its critical role in supporting AI development.  

I looked into CoreWeave and the abyss gazed back