<ul><li>CoreWeave’s IPO was the first time an AI startup went public since the beginning of the generative AI (GenAI) boom.</li><li>The IPO market has been very slow against the backdrop of an increasingly volatile geopolitical environment.</li><li>The IPO of CoreWeave, a data center operator renting out computing power to big tech companies, took place with a reduced valuation of $23 billion, down from the initial estimate of $32 billion.</li><li>CoreWeave heavily relies on major customers Microsoft and OpenAI, and its IPO highlights the still controversial nature of GenAI investments.</li></ul>

GenAI Startup CoreWeave Goes Public Amid Tumultuous IPO

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