CoreWeave CEO Mike Intrator: Regulations around data centers are not going to reduce demand

FREE CREDIT AND YOU'RE FIRST WIN GUARANTEED. GUARANTEED. >> AMID CONTINUED HYPERSCALER DEMAND FOR AI COMPUTE. BUT OF COURSE, THE CONTROVERSY THAT WE JUST REFERENCED CORE, WE HAVE ANNOUNCED HIS FIRST CUSTOMER, NVIDIA'S VERA RUBIN PLATFORM THIS MORNING. AND THAT'S THE CURRENT ITERATION THAT NVIDIA HAS. SO LET'S JOIN NOW FIRSTHAND. FIRST TIME CNBC CORE CO-FOUNDER CEO MIKE INTRATOR NO STRANGER TO THE SHOW. HEY, MIKE, YOU WEREN'T AT THE CONFERENCE YESTERDAY. YOU WEREN'T WITH THE PRESIDENT. TELL ME WHERE WE ARE AND WHAT YOU'RE DOING ABOUT BUILDING DATA CENTERS, THE OBJECTIONS THAT PEOPLE MAY HAVE AND WHAT AND WHAT, FRANKLY, THIS INITIATIVE YOU HAVE OVER VERA RUBIN. >> ALL RIGHT. SO FIRST OF ALL, THANK YOU FOR HAVING ME. ALWAYS APPRECIATE THE OPPORTUNITY TO TO KIND OF HOP ON THE SHOW WITH YOU GUYS. WE'RE, WE'RE, WE'RE OUT IN SAN FRANCISCO AT OUR FULLY CONNECTED CONFERENCE. IT'S VERY EXCITING. IT'S FANTASTIC TO BE HERE. WE WERE EXPECTING 2000 PEOPLE. WE GOT 5000 PEOPLE WHO ARE HERE JOINING US TO TALK ABOUT HOW YOU BUILD ON CORE CLOUD. SO THAT'S THAT'S REALLY EXCITING. VERA RUBIN ALL RIGHT. IT'S IT'S AN INCREDIBLE MOMENT TO BE ABLE TO ROLL OUT THE NEWEST TECHNOLOGY. WE, WE BROUGHT OUR, OUR FIRST CLIENT, IT IS THE FIRST CLIENT IN THE WORLD TO ENTER INTO PRODUCTION ON VERA RUBIN, ARCHITECTURE, COGNITION, GREAT CLIENT OF OURS, GREAT COMPANY GOING TO BE ABLE TO USE THAT TECHNOLOGY TO REALLY DRIVE THEIR COMPANY FORWARD. AND I THINK YOU'RE GOING TO SEE THAT AS THE TECHNOLOGY PROLIFERATES ACROSS THE CLOUD, AS WE BRING MORE AND MORE CLIENTS ONTO OUR INFRASTRUCTURE. >> ALL RIGHT, SO LET'S TALK ABOUT NVIDIA'S INVOLVEMENT. NVIDIA HAS TO HAVE, ACCORDING TO WHAT I'M READING, A CPU PARTNER. BUT NVIDIA IS THE LEADER. WHO ARE YOU WORKING WITH TO BE ABLE TO BRING IN VERA RUBIN FOR THE NEW CUSTOMER, A NOBLE CARE. >> YEAH. SO LOOK, YOU KNOW, THE WAY IT WORKS IS THE VERA RUBIN IS, IS, IS IT'S AN INTERESTING TECHNOLOGY BECAUSE IT BRINGS TOGETHER THE GPU, AS EVERYBODY KNOWS. AND ALSO. IN, IN NVIDIA'S CPU, YOU KNOW, AND SO THAT'S HOW THEY PUT THEM TOGETHER. WE HAVE AN ENORMOUS NUMBER OF CPUS THAT ARE OUTSIDE OF THE SERVER OF THE VERA RUBIN THAT WE'RE DELIVERING. BUT THE INTEGRATION OF THESE TWO PIECES OF HARDWARE INTO A SINGLE SERVER IS INCREDIBLY POWERFUL AND REALLY WILL DRIVE INCREDIBLE GAINS IN TERMS OF THE INVESTMENTS THAT THAT COMPANIES ARE MAKING, AS THESE TWO ARE SYNCHRONIZED SO WELL WITHIN THE SINGLE SERVER. >> IS THAT AN ARM HOLDING CPU? >> THIS IS THE NVIDIA CPU THAT THEY'RE DELIVERING. AND SO IT'S REALLY IT'S AN EXCITING PRODUCT FOR US. YEAH. >> OKAY. SO SINCE YOU AND I TALK QUITE REGULARLY, I WANT TO KNOW YOU HAD THE GREAT PRESIDENTIAL MEETING YESTERDAY WITH ALL THESE PEOPLE AND IT'S ALL SYSTEMS GO. BUT YOU HAVE DEALT WITH DIFFERENT GOVERNMENTS OF TIME, INCLUDING SOME DEMOCRATIC GOVERNMENTS. WHERE ARE WE IN TERMS OF THE BACKLASH, IN TERMS OF THE STATES THAT ARE SAYING, WHOA, WE CAN'T BUILD THESE? AND WHAT DOES IT MEAN FOR YOU? HAS THERE BEEN A DIMINUTION IN ORDERS? >> THERE IS ABSOLUTELY NOT BEEN ANY REDUCTION IN ORDERS. I WANT TO BE CLEAR THAT THAT THE THE THE REGULATIONS THAT ARE BEING. BROUGHT OUT AROUND DATA CENTERS, ALL THEY ARE GOING TO DO IS THEY'RE GOING TO RELOCATE THE, THE, THE INFRASTRUCTURE, THEY ARE NOT GOING TO IN ANY WAY REDUCE THE DEMAND. THE MARKET IS LOOKING FOR MORE INFRASTRUCTURE BECAUSE THERE ARE COMPANIES THAT ARE BUILDING AND EXTRACTING VALUE FROM BUILDING THIS INFRASTRUCTURE. AND IT'S JUST A QUESTION OF WHERE YOU PUT IT. NOT NOTHING MORE THAN THAT. >> MICHAEL, IS, IS THE RATE BACKDROP GETTING TROUBLESOME? >> LOOK. >> YOU KNOW, YOU'RE ABSOLUTELY RIGHT. RATES ARE RATES ARE RISING, WHICH ARE MAKING THINGS MORE EXPENSIVE. MATTER OF FACT, THAT'S EXACTLY WHY THE FED RAISES RATES TO MAKE IT MORE EXPENSIVE TO SLOW DOWN THE ECONOMY, TO DEAL WITH INFLATION. RIGHT. WE ALL KNOW THAT WHAT IS WHAT IS IMPORTANT TO TAKE AWAY FROM THIS DISCUSSION IS THAT THE THE MARGINS THAT WE ARE EARNING ARE EXPANDING FASTER THAN THE RATES ARE GOING UP. SO THE OVERARCHING PROFITABILITY OF THE INFRASTRUCTURE THAT WE ARE BRINGING ONLINE IS HIGHER THAN IT WAS A YEAR AGO. AND SO YOU CAN'T LOOK AT RATES IN A VACUUM. YOU HAVE TO LOOK AT THE THE, THE ECONOMY AROUND AI