---
title: "CoreWeave raised prices twice in a quarter; Hippocratic AI charges a fixed $2.50 an hour for admin calls"
description: "CoreWeave's filed customer list quietly names Hippocratic AI, whose published prices of $15 and $2.50 an hour are fixed while the capacity behind them just repriced twice in a quarter. The margin squeeze shows up first in the application company's gross line, and in a listed name near you."
publisher: "The Inference"
section: "Data Center"
published: 2026-11-11T15:54:29.093Z
modified: 2026-11-11T15:54:29.093Z
canonical: https://theinference.org/article/coreweave-raised-prices-twice-in-a-quarter-hippocratic-ai-charges-a-fixed-2-50-an-hour-for-admin-calls
language: en
keywords: "CoreWeave, Hippocratic AI, GPU Cloud, Pricing, AI Infrastructure, Earnings"
---

# CoreWeave raised prices twice in a quarter; Hippocratic AI charges a fixed $2.50 an hour for admin calls

> CoreWeave's filed customer list quietly names Hippocratic AI, whose published prices of $15 and $2.50 an hour are fixed while the capacity behind them just repriced twice in a quarter. The margin squeeze shows up first in the application company's gross line, and in a listed name near you.

## The landlord repriced, the tenant's price sheet is public

On November 10, 2026 [CoreWeave](https://theinference.org/markets/companies/coreweave) [filed its Q3 8-K with a customer list worth reading slowly](https://www.sec.gov/Archives/edgar/data/1769628/000176962826000461/0001769628-26-000461-index.htm) [1][4][5]. Among expanded relationships sit [OpenAI](https://theinference.org/markets/companies/openai), Cohere, [Perplexity](https://theinference.org/markets/companies/perplexity) and [Hippocratic AI](https://theinference.org/markets/companies/hippocratic-ai), the healthcare voice agent company that [sells patient calls by the hour at a published rate](https://theinference.org/article/hippocratic-ai-prices-healthcare-voice-ai-by-risk-tier-from-2-50-an-hour-for-admin-calls-to-15): $15 an hour for clinical conversations on its top Polaris 6 Ultra tier, $2.50 an hour for administrative work on Nano [1][4][5]. No dollar value attaches to the Hippocratic line. The filing is more generous about the cost of the floor under those calls.

CoreWeave told investors it [raised prices across its stock keeping units by roughly 25% in July, then another 10% later in the quarter](https://www.benzinga.com/news/26/11/63128629/coreweave-q3-2026-earnings-call-transcript), with pricing still climbing in the fourth quarter [2]. Short-term capacity now sells at more than $40 million per megawatt a year, against $20 million to $25 million on new four and five year contracts [2][3]. Adjusted operating margin ran about 1% in Q1, 5% in Q2 and 10% in Q3, a quarter ahead of plan, on $379 million of adjusted operating income and revenue of $3.661 billion, up 168% [1][2].

*Chart: **Adjusted operating margin reached 10% in Q3, a quarter ahead of plan** Line chart of CoreWeave's adjusted operating margin rising from about 1% in Q1 2026 to 5% in Q2 and 10% in Q3 2026.*

*Adjusted operating margin as stated by CoreWeave on its Q3 2026 earnings call, on $379 million of adjusted operating income and $3.661 billion of revenue; management said the 10% target was reached a quarter ahead of plan. Source: CoreWeave Q3 2026 press release and earnings call transcripts [1][2]. [1][2]*

*Chart: **CoreWeave revenue has more than quadrupled in two years, still climbing into 2026** Line chart of CoreWeave quarterly revenue from Q3 2024 to Q2 2026, rising from $0.584 billion to $2.575 billion.*

*Quarterly revenue, US$ billions, from CoreWeave's SEC filings through Q2 2026. The company reported Q3 2026 revenue of $3.661 billion, up 168% year over year. Source: CoreWeave SEC filings, retrieved 11 November 2026 [9]. [9]*

*Chart: **CoreWeave's short-term capacity prices at over $40M a megawatt, near double new long-term deals** Bar chart of CoreWeave's disclosed annualized pricing per megawatt: short-term contracts above $40 million, new four to five year contracts $20 to $25 million, showing short-term capacity commands roughly double the price of long-dated deals as of the November 10, 2026, earnings call.*

*Annualized revenue per megawatt of capacity, US$ millions, as disclosed on CoreWeave's Q3 2026 earnings call, November 10, 2026. Short-term figure stated as more than $40 million; long-term range stated as $20 to $25 million. Source: Benzinga and Motley Fool earnings call transcripts [2][3]. [2][3]*

## Where the squeeze lands

The buyer side is the asymmetry. Hippocratic's prices are risk-tiered and listed, so a hospital buying admin calls knows the rate before it negotiates. The compute underneath that rate just repriced twice in a quarter.

CoreWeave's own numbers bound the pass-through. Its managed inference product, where application companies run models for their customers, has $250 million of booked annual recurring revenue and is explicitly constrained by the capacity allocated to it, against $3.66 billion of quarterly revenue [2][3]. CoreWeave also finances AI-native names like Hippocratic at the wide end of its 225 to 550 basis point spread over SOFR on contract-backed loans [2]. Both costs sit in the application company's gross margin first.

## The record's limits

None of this is revenue. The filing names Hippocratic without a figure, the call gave no workload placement, and no independent number exists for the GPU cost of a clinical call.

What the market bought on Wednesday was the landlord's quarter. CoreWeave [jumped about 10%, lifting battered neocloud peers](https://www.msn.com/en-us/technology/tech-companies/coreweave-sparks-ai-cloud-stock-rally-lifts-nvidia-as-results-ease-bubble-fears/ar-AA2hd1Tq) [6], and [analysts flagged financing as manageable while warning CoreWeave is hit first and hardest if AI compute capacity ever eases](https://seekingalpha.com/news/4670589-coreweave-in-spotlight-as-wall-street-praises-q3-results-guidance) [7]. Watch which side of the $2.50 an hour survives the next renewal season [8]. The backlog behind the squeeze is $132.5 billion, more than a third of it scheduled for delivery within 24 months [8].

## Takeaway

CoreWeave repriced capacity twice in one quarter and sold short-term megawatts at roughly double the long-term rate, while filed customer Hippocratic AI holds its published $2.50 and $15 an hour prices fixed, so the squeeze lands first in the application company's gross margin.

## Sources

1. [SEC EDGAR, CoreWeave, Inc. Form 8-K and Exhibit 99.1 press release, filed 10 November 2026](https://www.sec.gov/Archives/edgar/data/1769628/000176962826000461/0001769628-26-000461-index.htm)
2. [Benzinga, CoreWeave Q3 2026 Earnings Call Transcript, 10 November 2026](https://www.benzinga.com/news/26/11/63128629/coreweave-q3-2026-earnings-call-transcript)
3. [The Globe and Mail / The Motley Fool, CoreWeave (CRWV) Q3 2026 Earnings Call Transcript, 10 November 2026](https://www.theglobeandmail.com/investing/markets/stocks/CRWV-Q/pressreleases/8771909/coreweave-crwv-q3-2026-earnings-call-transcript/)
4. [The Inference, Hippocratic AI prices healthcare voice AI by risk tier, from $2.50 an hour for admin calls to $15, 4 November 2026](https://theinference.org/article/hippocratic-ai-prices-healthcare-voice-ai-by-risk-tier-from-2-50-an-hour-for-admin-calls-to-15)
5. [World Nexus Group, Hippocratic AI splits its Polaris 6 voice model into four tiers to reach admin work, 8 November 2026](https://www.worldnexusgroup.com/insights/hippocratic-ai-splits-its-polaris-6-voice-model-into-four-tiers-to-reach-admin)
6. [Reuters via MSN, CoreWeave sparks AI cloud stock rally, lifts Nvidia as results ease bubble fears, 11 November 2026](https://www.msn.com/en-us/technology/tech-companies/coreweave-sparks-ai-cloud-stock-rally-lifts-nvidia-as-results-ease-bubble-fears/ar-AA2hd1Tq)
7. [Seeking Alpha, CoreWeave in spotlight as Wall Street praises Q3 results, guidance, 11 November 2026](https://seekingalpha.com/news/4670589-coreweave-in-spotlight-as-wall-street-praises-q3-results-guidance)
8. [Unite.AI, CoreWeave AI Cloud Revenue Climbs 168% as Backlog More Than Doubles, 10 November 2026](https://www.unite.ai/coreweave-ai-cloud-revenue-climbs-168-as-backlog-more-than-doubles/)
9. [CoreWeave, quarterly figures from its SEC filings, retrieved 11 November 2026](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001769628)


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CoreWeave raised prices twice in a quarter; Hippocratic AI charges a fixed $2.50 an hour for admin calls — The Inference. Canonical: https://theinference.org/article/coreweave-raised-prices-twice-in-a-quarter-hippocratic-ai-charges-a-fixed-2-50-an-hour-for-admin-calls