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Alternative Clouds Are Booming As Companies Seek Cheaper Access To GPUs
An anonymous reader quotes a report from TechCrunch: 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. The round brings its valuation to $19 b...
An anonymous reader quotes a report from TechCrunch: 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. The nonprofit Voltage Park, backed by crypto billionaire Jed McCaleb, last October announced that it's investing $500 million in GPU-backed data centers. "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," reports TechCrunch.
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