The Lead
CoreWeave, a key AI cloud provider, reported revenues doubled to $2.6 billion this quarter, but the real story is the staggering $104 billion in future demand. The numbers signal an insatiable, ongoing appetite for AI compute across the industry.
“CoreWeave reported a $104 billion backlog in demand.”
Just three months after its last funding round, AI coding agent startup Cognition is reportedly back in talks with investors for a new round that would value the company at $40 billion. Sources claim its revenue run rate has doubled to $1 billion in that time, fueling the agent boom.
Erik Allebest reveals the bootstrapped chess empire is projecting over $200 million in revenue this year with 250 million registered members. He credits a relentless focus on user experience and major cultural moments like 'The Queen's Gambit' for their compounding growth.