{
  "id": 19429036,
  "title": "CoreWeave targets 2028 profitability as AI demand surges",
  "url": "https://urgent.news/2026/11/10/coreweave-targets-2028-profitability-as-ai-demand-surges",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-10T21:13:12.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/business/coreweave-targets-2028-profitability-ai-demand-surges-6540696"
  },
  "original_language": "en",
  "account": "CoreWeave anticipates becoming profitable in the first half of 2028, as the artificial intelligence cloud provider aims to allay investor concerns amid surging demand for AI. Despite a 40 percent drop in shares in the past month, the company remains confident, stating it does not foresee material risks to its data-center expansion from potential regulatory changes following Democrats' victory in the US midterms. CoreWeave's CEO, Mike Intrator, revealed that the company has $9 billion in customer prepayments and deposits, which will bolster its cash flow over the next three months. The company's debt stands at $46.9 billion as of September, with CoreWeave expecting to raise less than $5 billion in additional capital through 2027. Revenue backlog is now at $132.5 billion, up from $104 billion at the end of June, while quarterly capital spending surged to $14.5 billion from $9.4 billion in the previous quarter.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "New Straits Times",
        "title": "CoreWeave targets 2028 profitability as AI demand surges",
        "url": "https://urgent.news/2026/11/11/coreweave-targets-2028-profitability-as-ai-demand-surges",
        "published": "2026-11-11T01:48:09.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}