The CEO of CoreWeave explains why they went public—And why they scaled back their initial offer

Shares of CoreWeave, an AI cloud provider, started trading Friday following a much-anticipated IPO that is being seen as a litmus test for other AI companies hoping to go public. 

Originally founded as a crypto mining company, CoreWeave pivoted to renting out its Nvidia graphic processing units to companies desperate to train AI. The New Jersey-based company is the first tech listing this year, but its debut does not come without controversy. While revenue is up more than 700% year over year...