The company at the heart of the AI bubble

The company at the heart of the AI bubble

So a lot of people think AI is a bubble. So we sent Verge senior reporter Liz Lopatto out to report on the AI bubble — whether it's real, how it might pop, and what all of this means.She’s joining the show today to talk about a particular company that sits right in the middle of all of it. That company is called CoreWeave, and Liz has spent considerable time diving into its history, its financials, and the truly fascinating story that all of that tells us about the modern AI boom. Links: CoreWeave CEO plays down concerns about AI-spending bubble | WSJ Why debt funding is ratcheting up the risks of the AI boom | NYT Inside the data centers that train AI and drain the electrical grid | The New Yorker How a crypto miner transformed Into the multibillion-dollar backbone of AI | Wired CoreWeave signs $14 billion AI infrastructure deal with Meta | Reuters CoreWeave, Nvidia sign $6.3 billion cloud computing capacity order | Reuters Nvidia turned CoreWeave into major player in AI years before saving its IPO | CNBC CoreWeave inks $6.5 billion deal with OpenAI | CNBC ‘Project Osprey:’ How Nvidia seeded CoreWeave’s rise | The Information For this startup, Nvidia GPUs are currency | The Verge Subscribe to The Verge to access the ad-free version of Decoder! Credits: Decoder is a production of The Verge and part of the Vox Media Podcast Network. Decoder is produced by Kate Cox and Nick Statt and edited by Ursa Wright. Our editorial director is Kevin McShane. The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Recode Decode: Lora Haddock

Recode Decode: Lora Haddock

Lora DiCarlo CEO Lora Haddock talks with Recode's Kara Swisher about the process of designing an innovative new sex toy for women — and the fight to get mainstream acceptance for her invention. In this episode: Why Haddock started Lora DiCarlo; how she designed its first product, Osé; how startups design and create new physical products; with advanced robotics, "what we're trying to elicit is a blended orgasm"; why Haddock is avoiding vibration; funding Osé's development; receiving a CES innovation award from the Consumer Technology Association; getting rejected by CES and losing the award; the ensuing back and forth with the CTA; what Lora DiCarlo did instead of being at the main show; "they couldn't have done us a bigger favor"; female CEOs in technology; why Haddock chose to leak the dispute; and what the CTA could do to make amends. Learn more about your ad choices. Visit podcastchoices.com/adchoices

27 Feb 201942min

Recode Decode: Rhizome artistic director Michael Connor

Recode Decode: Rhizome artistic director Michael Connor

Michael Connor, the artistic director of the digital art community Rhizome, talks with Recode's Kara Swisher about the group's museum exhibit, "The Art Happens Here," and the future of art made on the internet. In this episode: How Rhizome was founded and how the museum exhibit came together; the unique challenges of preserving internet art; the earliest works of art in Rhizome's Internet Art Anthology; what does "net art" mean?; what tools do net artists use?; the impact and legacy of the Net Art Anthology; how net art reflects meme culture, emerging technologies and questions about identity; where is art going as new technologies emerge?; and the blurring line between art and non-art. Thanks to Microsoft Azure for sponsoring this episode. Get started with a free account and 12 months of popular free services at Azure.com/trial today. Learn more about your ad choices. Visit podcastchoices.com/adchoices

25 Feb 201948min

Recode Decode: Shoshana Zuboff

Recode Decode: Shoshana Zuboff

Harvard Business School professor emerita Shoshana Zuboff talks with Recode's Kara Swisher about her new book, The Age of Surveillance Capitalism: The Fight for a Human Future at the New Frontier of Power. In this episode: Zuboff's background and why she wrote the book; how the economy got digitized; maximizing shareholder value "scraped the life out of so many of our institutions and our businesses"; how surveillance capitalism was invented; why Zuboff uses the term "surveillance capitalism"; how tech companies are like magicians (and not in a good way); and what the hell do we do about this? Learn more about your ad choices. Visit podcastchoices.com/adchoices

20 Feb 201951min

Recode Decode: IAC chairman Barry Diller

Recode Decode: IAC chairman Barry Diller

Barry Diller, the chairman of IAC and the Expedia Group, talks with Recode's Kara Swisher about the state of the tech and media industries, problematic people in power and why Diller is building a new public park in New York. In this episode: What does he do as chairman of those companies?; the future of dating apps; how Diller evaluates the travel industry and Airbnb; how did Diller anticipate how the internet would change media?; why Netflix is beating Amazon and will beat all other competitors; "Hollywood is now irrelevant"; techlash and criticizing Mark Zuckerberg; how Facebook and Google should be regulated; Amazon's power and Jeff Bezos' battle with the National Enquirer; how he has run the Washington Post; Rupert Murdoch and Marc Benioff; Diller is writing a book; President Trump is "thoroughly rotten" and "an accident of history"; Mike Bloomberg, Howard Schultz and billionaire backlash; saving the High Line in New York City; public spaces and civic responsibility; "we're building an island off the Hudson River." Click here to vote for Kara Swisher in the Shorty Awards! You can vote once per day between now and Thursday, February 21. Learn more about your ad choices. Visit podcastchoices.com/adchoices

18 Feb 20191h 2min

Recode Decode: Center for Democracy and Technology CEO Nuala O'Connor

Recode Decode: Center for Democracy and Technology CEO Nuala O'Connor

Nuala O'Connor, the CEO of the Center for Democracy and Technology, talks with Recode's Kara Swisher about how the group she leads is lobbying the government and private companies on issues like consumer privacy and free speech. In this episode: O'Connor's background in big companies and the Department of Homeland Security; what the Center for Democracy and Technology does; the "Summer of Snowden"; why antitrust isn't a cure-all; speech and responsibility are the biggest issues facing the internet right now; why O'Connor says tech is engaged in a "holy war"; why she's optimistic about Capitol Hill; the reality of what the internet is vs. what we thought it would be; the big themes for tech reform in 2019; a lot of what we call "fake news" is actually government propaganda; can net neutrality be revived?; and online bullying and tech addiction, Click here to vote for Kara Swisher in the Shorty Awards! You can vote once per day between now and Thursday, February 21. Thanks to Microsoft Azure for sponsoring this episode. Get started with a free account and 12 months of popular free services at Azure.com/trial today. Learn more about your ad choices. Visit podcastchoices.com/adchoices

13 Feb 201951min

Recode Decode: "Zucked" author Roger McNamee

Recode Decode: "Zucked" author Roger McNamee

Elevation Partners founding partner Roger McNamee talks with Recode’s Kara Swisher about his new book, Zucked: Waking Up to the Facebook Catastrophe. In this episode: Transitioning from tech optimist to critic; the 1990 crash and rebound; starting Silver Lake Partners; McNamee’s health crisis and struggles with office politics; “then Bono calls up”; meeting and mentoring the 22-year-old CEO of Facebook, Mark Zuckerberg; recruiting Sheryl Sandberg to be COO; the Beacon disaster and clashing with Sandberg; the suspicious early warning signs in 2016; speaking out against Facebook and the cost of becoming an activist; why McNamee wrote Zucked; trying to get around Google’s privacy invasions; the fundamental problems with Google and Facebook’s business model; tech companies that never think about consequences; how the limits on what data can be collected keep changing; and how can regular people help fix these problems? Click here to vote for Kara Swisher in the Shorty Awards! You can vote once per day between now and Thursday, February 21. Thanks to Microsoft Azure for sponsoring this episode. Get started with a free account and 12 months of popular free services at Azure.com/trial today. Learn more about your ad choices. Visit podcastchoices.com/adchoices

11 Feb 20191h 12min

Recode Decode: “The Mastermind” author Evan Ratliff

Recode Decode: “The Mastermind” author Evan Ratliff

Journalist and Pop-Up Magazine co-founder Evan Ratliff talks with Recode's Kara Swisher about his new book, The Mastermind: Drugs, Empire, Murder, Betrayal. In this episode: How Pop-Up got started; what happened when Ratliff tried to become anonymous for a month; starting the digital-first magazine The Atavist; how Paul Calder Le Roux went from programmer to prescription drug kingpin; the intersection of the international drug trade and tech; how Le Roux got into harder drugs, Somalian militias and selling missile technology to Iran; how he got caught; how Le Roux "embodied the entrepreneurial spirit" of a startup founder; "there's no viable drug operation that's not gonna be utilizing technology"; where is the (legal and illegal) drug trade going?; drug submarines; can modern drug cartels be stopped?; and why "there is clearly a market for an internet-driven cartel." Learn more about your ad choices. Visit podcastchoices.com/adchoices

6 Feb 201951min

Recode Decode: Spencer Stuart executive recruiter James Citrin

Recode Decode: Spencer Stuart executive recruiter James Citrin

James Citrin, the head of Spencer Stuart CEO Practice, talks with Recode's Kara Swisher about placing top executives at companies like Yahoo, PayPal, eBay, Twitter, Cisco, Pandora and Hulu. In this episode: Citrin's background as an analyst, consultant and CD-ROM true believer; how he was recruited to Spencer Stuart and how he recruits executives for his clients; do tech companies need a technical CEO?; the evolving power dynamics of talent in Silicon Valley; the triple threat of capability, credibility and attractability; the rise of internal recruiting and succession planning; why leadership actually matters; what happens inside a company when there's a crisis threatening top leadership?; what about when the CEO is toxic?; what is Facebook's board doing right now?; the importance of not "selling" executive candidates to companies; and lessons for CEOs. Learn more about your ad choices. Visit podcastchoices.com/adchoices

4 Feb 201956min

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