Good read: Alternative clouds are booming as companies seek cheaper access to GPUs

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Good read: Alternative clouds are booming as companies seek cheaper access to GPUs

Hans Blaauw 07/05/2024

The appetite for alternative clouds has never been bigger. Case in point: CoreWeave, the GPU infrastructure provider that began life as a cryptocurrency mining operation,

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Good read: Alternative clouds are booming as companies seek cheaper access to GPUs

The appetite for alternative clouds has never been bigger. 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. The round brings its valuation to $19 billion post-money and its total raised to $5 billion in debt and equity — a remarkable figure for a company that’s less than 10 years old.