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What Is a Neocloud? The GPU Clouds Powering the AI Boom

Decrypt·October 22, 2026·1 min read
What Is a Neocloud? The GPU Clouds Powering the AI Boom

Neoclouds like CoreWeave and Nebius rent Nvidia GPUs to AI labs, and several started out mining crypto. This model provides on-demand access to high-performance computing for AI workloads, leveraging infrastructure originally built for blockchain mining. The shift highlights the convergence of crypto and AI cloud services.

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