CoreWeave shares drop after bigger than expected losses
Data centre group has ridden wave of enthusiasm for artificial intelligence
Data centre group has ridden wave of enthusiasm for artificial intelligence

Director Jack Cogen offloads stake with an aggregate market value of about $300mn

New filing shows internal deliberations that preceded takeover deal that has rankled some shareholders

Some investment funds may vote against deal unless protections are added to limit the potential downside

AI start-up held talks with Google and other cloud providers in bid to revive ambitious 2-gigawatt Texas project

The biggest groups splashing their cash may not make their money back, but will almost certainly live to tell the tale

Deal’s collapse could hurt CoreWeave plans to meet growth plans that have driven soaring stock price