Wednesday, August 02, 2023

CoreWeave came 'out of nowhere' poised to make billions off AI with its GPU cloud

Sounds promising! Texas competes with California! Competition is good! The creative destruction by daring entrepreneurs continues! Bravo!

"A few months ago, few had heard of CoreWeave, a cloud startup specializing in GPU-accelerated workloads, according to Brannin McBee, the company’s co-founder and chief strategy officer. Now, CoreWeave is poised to make billions off of the generative AI boom with its GPU cloud.

“We’ve come out of nowhere,” he told VentureBeat in an interview last week. With over $400 million in new funding; a new $1.6 billion data center in Plano, Texas; and the world’s fastest AI supercomputer built in partnership with Nvidia unveiled last month, the company’s fortunes have shifted dramatically — thanks, in no small part, to Nvidia. ...
CoreWeave was founded in 2017 by three commodities traders who turned their cryptocurrency mining hobby into an Ethereum mining company, using GPUs to verify blockchain transactions — doing business out of a New Jersey data center. By 2019, the founders had pivoted — fortuitously, in hindsight — to building a specialized cloud infrastructure spanning seven facilities that offered GPU acceleration at scale.  ..."

CoreWeave came 'out of nowhere.' Now it's poised to make billions off AI with its GPU cloud | VentureBeat

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