Get the latest tech news
Alternative clouds are booming as companies seek cheaper access to GPUs
CoreWeave and other alternative clouds, fueled by the generative AI boom, are doing gangbusters. But is this sustainable?
Case in point: CoreWeave, the GPU infrastructure provider that began life as a cryptocurrency mining operation, this week raised $1.1 billion in new funding from investors including Coatue, Fidelity and Altimeter Capital. Nvidia, the furnisher of the bulk of CoreWeave’s chips, sees this as a desirable trend, perhaps for leverage reasons; it’s said to have given some alternative cloud providers preferential access to its GPUs. Lee Sustar, principal analyst at Forrester, sees cloud vendors like CoreWeave succeeding in part because they don’t have the infrastructure “baggage” that incumbent providers have to deal with.
Or read this on TechCrunch
