CoreWeave Revenue Outpaces Big Cloud Early Stages Amid AI Pivot
a16z · x · 2026-08-17
a16z highlights how "neocloud" providers like CoreWeave have pivoted crypto-mining assets (power rights, data centers, GPUs) to serve the AI boom. CoreWeave's quarterly revenue after 25 quarters now surpasses where Azure, AWS, and Google Cloud stood at 30 quarters. This mirrors historical shifts where rail and gas infrastructure was repurposed for telecommunications.
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