CoreWeave, a cloud startup specializing in GPU-accelerated workloads, is set to make billions off the generative AI boom with its GPU cloud. The company has received over $400 million in funding, built a $1.6 billion data center in Texas, and partnered with Nvidia to create the world's fastest AI supercomputer. CoreWeave originally started as an Ethereum mining company but pivoted to offering GPU acceleration at scale. The company saw a surge in interest when access to GPUs became scarce last year, leading to significant investments from venture capitalists and companies like Microsoft. CoreWeave expects to generate $500 million in revenue this year and already has nearly $2 billion contracted for next year. The company has also benefited from Nvidia diverting its latest AI server chips away from top cloud providers like AWS and towards CoreWeave. Despite competition developing their own AI chips, CoreWeave believes GPUs will remain crucial for cutting-edge AI models for at least another two years.