TBPN · Sep 30, 2026 · 15m · 10m saved
With Mike Intrator, Co-founder and CEO of CoreWeave
CoreWeave has contracted out Nvidia A100 chips, a design from 2020, through 2029, Mike Intrator said. He offered it as the answer to two years of questions about how fast AI chips lose their value.
The common view among skeptics is that a GPU is obsolete soon after it is installed, so the companies that rent them out are depreciating their assets too slowly. Intrator said a chip that can no longer train frontier models still has a long list of paying uses.
"So I love this line of questioning because I've been pilloried over this for two years now."
Mike Intrator, co-founder and chief executive of CoreWeave, on TBPN, spoke from Fully Connected, the AI cloud provider's own conference, where CoreWeave launched a product called Forge.
The full segment is covered here so you can skip it. 15 minutes of audio, 5 minutes of reading.
Here are the 5 takeaways that matter.
Key Takeaways
CoreWeave's A100 chips, a 2020 design, are contracted out through 2029, which Intrator said closes the depreciation debate
90% of clients use two or more CoreWeave products, so it now sells a cloud rather than GPUs
He called the depreciation argument "a self serving conversation" by rivals
Consolidation among GPU cloud providers is inevitable, he said, perhaps down to 10 or seven
Compute is two markets: capacity sold beyond a data center's two-year build time, and capacity sold inside it
1. 5,000 at Fully Connected
Intrator spoke from Fully Connected, CoreWeave's global conference for clients, developers, companies and enterprise labs.
"It was supposed to be 2,000 people." — Mike Intrator
More than 5,000 came, he said. Putting engineers, product staff and clients in one room gives CoreWeave direct feedback on what it has built.
