The soaring popularity of generative AI has increased demand for access to graphics processing units (GPUs), which are commonly used for running intensive AI applications.
Reflecting this trend, companies in the cloud GPU market are gaining traction as enterprises look to leverage high-performance GPUs without the need for making big investments in on-premises infrastructure.
For example, cloud GPU startup CoreWeave recently became a vendor for Microsoft to provide additional capacity for running AI applications on its Azure cloud computing platform (which includes ChatGPT-maker OpenAI as a customer).
