Inside the Rise of AI Clouds Like CoreWeave and Lambda
Enterprise customers are kicking the AI tires. And in the process, they're looking for cloud services based on the powerful accelerated computing infrastructure popularized by NVIDIA that's too expensive or impractical to purchase outright.
Enter AI cloud services, offered by an expanding group of providers outside of the traditional hyperscaler public cloud cadre. And there are signals that this market segment is set to grow exponentially in the near term.
Companies such as CoreWeave, arguably the market leader in the AI infrastructure-as-a-service space, are garnering sizable funding—literally billions of dollars over the past two years. CoreWeave, which reportedly plans to go public next year at a valuation of $23 billion, has raised $12.7 billion over the past 18 months from debt and equity financing. And that’s not counting a reported investment from Cisco and word that Microsoft will spend $10 billion on CoreWeave services by 2030.
CoreWeave’s not alone. Competitor Lambda Labs has raised $820 million so far in 2024 and earlier this year was reportedly seeking another $800 million to cover the cost of more high-end NVIDIA GPUs. Other companies are seeing funding ranging from healthy seed rounds to massive joint venture backing. (More on that momentarily.)
Why AI Clouds Now
To access the rest of this article, you need a Futuriom CLOUD TRACKER PRO subscription — see below.
Access CLOUD TRACKER PRO
|
CLOUD TRACKER PRO Subscribers — Sign In |
