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: Uber Eats boss Jason Droege

Recode Decode: Uber Eats boss Jason Droege

If you enjoy Recode Decode, we think you'd also like the Eater Upsell. Here's a recent episode of the show: Jason Droege, the man in charge of Uber Eats, talks with Eater's Dan Geneen about how the service started, how it interfaces with restaurants, and what he sees as the future of the brand. Learn more about your ad choices. Visit podcastchoices.com/adchoices

8 Aug 201847min

Recode Decode: Sidecar co-founder Sunil Paul

Recode Decode: Sidecar co-founder Sunil Paul

Sidecar co-founder Sunil Paul talks with Recode's Kara Swisher about his popular guest column for Recode, “The scooter wars will be a bloodbath, and Uber will win.” He elaborates on why that is and shares his thoughts about the broader transportation industry, including self-driving cars, bike-sharing and vertical lift and take-off vehicles like Larry Page’s Kitty Hawk “flying car.” Now primarily an investor, Paul also talks about why Sidecar couldn’t compete with Uber and Lyft — even though it created ride-hailing features that are now popular parts of their products. Learn more about your ad choices. Visit podcastchoices.com/adchoices

6 Aug 201857min

Recode Decode: Grab co-founder Hooi Ling Tan

Recode Decode: Grab co-founder Hooi Ling Tan

Hooi Ling Tan, the co-founder of southeast Asian ride-hailing company Grab, talks with Recode's Kara Swisher at the 2018 Rise conference in Hong Kong. Tan says Grab is opening up a platform for more services beyond ride-hailing because it wants to address not just transportation needs, but every worry its customers may have, including groceries and payments. She also talks about how the company is working with 27 percent-shareholder Uber and its newest board member, Toyota, which in June invested $1 billion into Grab. Plus: Tan explains why the company doesn't have to worry about diversity. Learn more about your ad choices. Visit podcastchoices.com/adchoices

1 Aug 201828min

Recode Decode: 'General Magic' directors Sarah Kerruish and Matt Maude

Recode Decode: 'General Magic' directors Sarah Kerruish and Matt Maude

Sarah Kerruish and Matt Maude talk with Recode's Kara Swisher about their new documentary, "General Magic," which tells the story of a pioneering tech startup that tried and failed to invent a smartphone in the 1990s. Swisher appears in the documentary, which posits that although few people know the name General Magic today, the company’s failure paved the way for the Silicon Valley we know today. Learn more about your ad choices. Visit podcastchoices.com/adchoices

30 Juli 201847min

Recode Decode: 'The Billionaire Raj' author James Crabtree

Recode Decode: 'The Billionaire Raj' author James Crabtree

Journalist James Crabtree talks with Recode's Kara Swisher about his new book, "The Billionaire Raj: A Journey Through India's New Gilded Age." Crabtree says India's development of a super-rich billionaire class has heightened the country's already-intense problem with inequality. He also talks about why its "fantastic entrepreneurial culture" has not been able to foster a Silicon Valley-esque tech hub and how he weighs the positive impact of technologies like the mobile phone against negatives such as the recent spate of lynchings that some have linked to Facebook-owned messaging app WhatsApp. Learn more about your ad choices. Visit podcastchoices.com/adchoices

28 Juli 201846min

Recode Decode: WordPress co-founder Matt Mullenweg

Recode Decode: WordPress co-founder Matt Mullenweg

Matt Mullenweg, the co-founder of WordPress, talks with Recode's Kara Swisher about how the blogging platform has evolved in the 13 years since it launched, powering a huge number of websites that included AllThingsD and an earlier version of Recode.net. Mullenweg also talks about WordPress' recent acquisition of a mobile journalism startup, the Atavist; how he manages 750 employees without an official corporate office; and why "every tech company should have an editorial team." Learn more about your ad choices. Visit podcastchoices.com/adchoices

25 Juli 201857min

Recode Decode: 'Valley of Genius' author Adam Fisher

Recode Decode: 'Valley of Genius' author Adam Fisher

Writer Adam Fisher talks with Recode's Kara Swisher about his new oral history, 'Valley of Genius: The Uncensored History of Silicon Valley.' Fisher interviewed some of tech's biggest names for the book, including Apple co-founder Steve Wozniak, but he discovered that "the most interesting, unfiltered, real stories" often came from people who were never in the spotlight. Learn more about your ad choices. Visit podcastchoices.com/adchoices

23 Juli 201859min

Recode Decode: Alibaba exec Joe Tsai (Live at Code 2018)

Recode Decode: Alibaba exec Joe Tsai (Live at Code 2018)

Joe Tsai, the executive vice chairman of Chinese commerce giant Alibaba, talks with Recode’s Jason Del Rey at the 2018 Code Conference. He says that Alibaba has not tried to do a big acquisition deal in the U.S., but is definitely looking to create strategic partnerships. Specifically, Tsai wants to encourage American companies to tap into the Chinese market, where there are hundreds of millions of internet consumers as potential customers. He also disputes some criticism lobbed by fellow Code Conference speaker Sen. Mark Warner, who had alleged that Chinese tech firms were too cozy with the country's communist government. Learn more about your ad choices. Visit podcastchoices.com/adchoices

21 Juli 201831min

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