Tech giants like Microsoft (NASDAQ: MSFT) and Meta have been splurging on artificial intelligence (AI) accelerators and building out massive AI data centers but also have been relying on start-up CoreWeave to meet soaring demand for AI computing capacity.

CoreWeave’s initial S-1 document for its upcoming IPO is full of surprises. Backed by Nvidia, CoreWeave runs an AI-specific cloud service from its network

(CRWV) is rapidly growing and producing high operating profits, seeking to raise possibly more than $3 billion in an IPO. The company specializes in AI an