Quartz·2 min read·medium
CoreWeave's revenue more than doubled but losses deepened as interest costs surged
✦AI Summary
AI cloud provider CoreWeave reported a significant revenue increase to $2.58 billion in the second quarter, though net losses widened to $626 million. The losses were primarily driven by rising interest costs associated with debt financing.
The AI cloud company posted $2.58 billion in second-quarter revenue but net losses widened to $626 million as debt financing costs climbed
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