Squawk on the Street Hot PPI, $110B for OpenAI, CoreWeave CEO Exclusive, Paramount Wins Battle for WBD 2/27/26
8 snips
Feb 27, 2026 
Michael Intrator, CEO of CoreWeave, a GPU-focused cloud provider, talks quarterly results and explosive demand for AI compute. He discusses financing and build-out plans. Short, sharp conversations cover how major AI financings and partnerships are reshaping infrastructure needs and backlog growth.
AI Snips
Chapters
Transcript
Episode notes
OpenAI $110B Raise Deepens Cloud Partnerships
- OpenAI closed a $110 billion funding round led by Amazon, Nvidia and SoftBank, valuing it at $730 billion.
- Andy Jassy and Sam Altman emphasized strategic compute and Tranium capacity commitments to meet surging enterprise demand.
Big AI Raises Spark Jobs Debate
- Hosts debated whether massive private raises (OpenAI $110B, Anthropic earlier) are unequivocally positive given potential job displacement.
- Jim Cramer argued such investments create new firms and jobs; others warned of white-collar disruption.
CoreWeave CEO On Aggressive Build Out
- Michael Intrator described CoreWeave's relentless three-year demand for infrastructure and deliberate accelerated builds that hurt near-term margins.
- He said contracts with creditworthy customers underpin multi-year revenue and justify heavy upfront capital spending.