Hey Snackers,
We’ve long heard the complaints from teachers that they have to add “check if student cheated with AI” to their grading process, but with the addition of many (AI-aided) screening tools, the pendulum is swinging the other way: now honest students are going to elaborate lengths to document they really, truly did the work. The jury’s still out on whether there’s anything wrong with learning math from AI Cardi B or using generative AI to lighten up company earnings calls.
🤖 vs 🧑🏽time:Â
Can you beat AI at solving this puzzle?Â
Can you tell which of these AI model names are real?
US stocks fell again at the end of last week as President Trump threatened that high tariffs on shipments from Europe and imported smartphones were around the corner. The S&P 500 ended down 0.7%, its first four-session losing streak since the reciprocal tariff announcement on April 2, and retreated 2.6% on the week. The Nasdaq 100 finished off 0.9%, while the Russell 2000 fell 0.3% on Friday.
So... what exactly does CoreWeave do?
CoreWeave is having a big moment. It pulled off one of the first major IPOs of the current AI boom, and the AI cloud computing company has been a retail trading (and options) darling ever since. For some investors, scanning the words “artificial intelligence” in that last sentence is enough to plunge their money into its shares.Â
But for us, before we ape into a trade, we want to know, in the words of the Bobs from “Office Space”: what would you say you actually do here, CoreWeave?
The company has about 800 employees and has been stockpiling Nvidia’s powerful GPUs that every Big Tech and AI company is scrambling to lock down. The company says it has over 250,000 such GPUs in its 33 data centers in the US and Europe, which could be worth between $5 billion and $10 billion.
And CoreWeave doesn’t just hoard its treasure like Smaug; the company rents out cloud access to the latest Nvidia chips by the hour, set up with very fast networking and preconfigured for the kinds of AI training and inference tasks that are all the rage for anyone working with generative AI.Â
CoreWeave customers include Microsoft and OpenAI, which need surge AI computing capacity as demand outpaces the ability to build new data centers.Â
CoreWeave also helps companies that don’t want to lay out massive capex for their own GPUs and infrastructure to support their AI-powered dreams.
The company also has a close relationship with Nvidia, which owns 24.2 million CoreWeave shares worth an eye-popping sum.Â
The Takeaway
CoreWeave’s Q1 results provided a look at how the newly public company is doing since raising $1.4 billion in its March IPO, and it’s pretty impressive, as the revenue chart shows. It also offered a peek at what risks the company faces, which include its heavy reliance on a few key companies and a massive pile of debt. That debt doesn’t seem to be slowing its plans to expand: CEO Michael Intrator told CNBC, “We are going to invest $21 to $23 billion” in capex this year. And with the AI data center trade roaring back, it’s no surprise Wall Street can’t keep up with its parabolic surge.Â
🛰️ One small step for AI… one giant leap for humankind?
Severe weather can strike with little warning — and when it does, the risks to life and property are real.Â
That's why MyRadar has spent years perfecting their patented AI Forecasting — improved predictions for rain and storms and early alerting on wildfire risks before they start. With 15M+ users, MyRadar will be taking AI to space with a planned 100+ satellite constellation…Â
MyRadar is working with government and enterprise clients, plus a major contract with Allstate Insurance, which recently announced that it’s now using MyRadar's Advanced alerting capabilities to help protect their customers. AI-enhanced warnings for hazards like hail and wildfires are delivered directly to Allstate policyholders, giving them precious extra minutes to take action.
You can become a MyRadar shareholder and be part of the drive to revolutionize climate intelligence. The future of weather tech starts here.1
Stories we’re obsessed with
Artificial intelligence is rewriting who gets hired, for what, and why. Big Tech isn’t hiring like it used to, unless you say the magic words: AI. According to a new report, hiring for software engineering roles grew only about 3%, while there was a 27% surge in AI hires, and less technical functions like marketing and sales fell by double digits. Overall, tech job postings are starkly down, as this chart shows.Â
But nothing has been hit as hard as perhaps customer service roles. Take Klarna for example, which shrank its workforce by 40%, a number led by replacing human agents with its in-house AI chatbot. Duolingo also recently replaced all its contractors with AI. Dive deeper into how AI is rewriting hiring priorities.Â
Why does Google’s Veo love this dad joke so much? We’re impressed with the quality of Google’s latest AI video generator, but less impressed to see that every time the prompt was “a man doing stand up comedy tells a joke (include the joke in the dialogue),” the tool, for no known reason, used the same mid dad joke. This was not addressed in Google’s I/O conference and doesn’t bode well for all the promises it made there.
THE BEST THING WE READ TODAY
A field guide to the complicated world of Nvidia’s AI hardware
It’s common knowledge that Nvidia is at the core of the AI boom, but understanding what makes a “superchip” or why a NVL72 rack costs millions takes a bit of work.
Here’s how AI is changing the weather
MyRadar has spent years perfecting the science of weather detection and the art of timely alerts.Â
With 15M+ users, MyRadar is planning for a 100+ satellite constellation to power AI-enhanced weather warnings. They’ve already secured major government and enterprise contracts too, recently adding AllState Insurance and Accelevate Solutions.
MyRadar’s current raise is open to investment — learn more.1
We’re curious…
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Off The Charts
ChatGPT dominates its AI competitors. But of the chatbots and AI search engines not set up by Sam Altman or trillion-dollar tech companies, which is the best?
What Else We're Snackin'
Too many conversations in your Discord to keep up with? Good news: AI may be coming to help you catch up
A tiny semiconductor company more than doubled after becoming an Nvidia supplier
Quantum computing execs cashed out with over $20 million in sales last week
The Hustle used Anthropic’s chatbot to role-play as the CEOs of Southwest, Starbucks, and Nike. Plot twist: AI CEOs acted more humane than human CEOs in these interesting waysÂ
MyRadar’s tech is powering timely, AI-powered weather alerts. As part of Android's Early Access Program, MyRadar is already used in cars with built-in Google technology — and now, you can become an early investor.1
Snack Fact of the Day
One-third of users surveyed by Pew Research said they had never used a chatbot.
This Week's Events
May Consumer Confidence. Earnings expected from AutoZone and PDD Holdings (Temu’s parent)
Fed meeting minutes. Earnings expected from Nvidia, Salesforce, HP, Macy’s, Abercrombie & Fitch, and Dick’s Sporting Goods
Earnings expected from Costco, Gap, American Eagle, Kohl’s, Ulta, Dell, Best Buy, Foot Locker, and Marvell Technology
April Personal Consumption Expenditures (the Fed’s preferred inflation gauge)
1 This is a paid advertisement for ACME AtronOmatic, Inc.’s Regulation A+ Offering. You should read the Offering Circular and Risks related to this offering before investing.Â
This Reg A+ offering is made available through StartEngine Primary, LLC, member FINRA/SIPC. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
This was a paid for ad. Sherwood Media has been compensated for this ad by the AcmeAtronomatic Reg A+ Campaign hosted on StartEngine.
Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities.