Even by the mind-boggling standards of the artificial-intelligence (AI) boom, the growth of CoreWeave is striking. Two years ago the so-called neocloud, which rents out access to AI computing power, was a scrappy startup generating about $200m a year in revenue with a small fleet of data centres. Today things look rather different. Analysts expect it to make over $5bn in sales this year. As of January it operated 28 data centres, with ten more being added this year. Since it listed in March, its market value has rocketed by over 300%, to around $75bn (see chart).
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