CoreWeave turns to customer prepayments, shorter contracts to fund AI growth

AI Summary

AI infrastructure provider CoreWeave is seeking more customer prepayments, borrowing against specific contracts, and using shorter-term agreements to finance its growth. The company’s third-quarter earnings indicate these arrangements may result in higher prices for customers.

CoreWeave is increasingly asking customers to pay upfront, borrowing against specific contracts, and even looking to short-term deals that could lead to higher prices, according to the company’s third-quarter earnings.