CoreWeave CEO warns of severe AI hardware supply strain as demand surges past physical limits

At the Fortune Brainstorm AI conference in San Francisco on Friday, CoreWeave CEO Michael Intrator argued that talk of a circular AI economy overlooks a real global squeeze on hardware, energy, and infrastructure. He said shortages now extend beyond chips to raw materials such as copper, while demand for AI compute from major technology firms remains strong despite stock volatility, debt concerns, and fears over secondary markets for used GPUs.