CoreWeave Says It Is Sold Out, Backlog at $104 Billion — AI the News That's Fit to Prompt #93
| A curated AI news digest |
| AI the News That's Fit to Prompt |
| WEDNESDAY, AUGUST 12, 2026 · VOL. 1, NO. 93 · 20 STORIES |
| Lead · AI Infrastructure |
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CoreWeave Says It Is Sold Out, and Its Backlog Has Swelled to $104 Billion
CoreWeave's revenue rose 112% to $2.58 billion and CEO Michael Intrator told analysts that near-term capacity is effectively sold out. The backlog is the number that matters: up 246% year over year to $104.2 billion, excluding roughly $25 billion of new commitments added in early Q3. The same release carries a $626 million quarterly loss driven by $640 million of net interest expense. |
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| ...plus 9 more stories, The Big Picture digest, a cartoon, and a Word Search. |
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