Forbes March 30, 2025
CoreWeave, the first AI startup to go public, disappointed investors, ending its first day of trading with a market cap of $19 billion. The last time it raised funds as a private company, in May 2024, it was already valued at $19 billion, nearly triple its valuation just five months prior. The AI bubble may burst soon, followed by a period of reassessment and reckoning, and then the emergence of productive AI-based business practices and AI companies that make money rather than lose it by providing valuable products and services to businesses and consumers. We went through this validation process a quarter century ago, with the deflating of the dot-com...
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