According to CoinMeta, as reported by Decrypt, Neocloud is an infrastructure as a service (IaaS) provider that focuses on AI. It mainly leases GPU computing power to support the training and inference of AI models. With the rise of the ChatGPT craze, Neocloud has rapidly emerged as a new company, growing from an unknown startup into a publicly traded firm with a market value of several billion dollars. CoreWeave initially operated as an Ethereum miner but has now shifted its hardware focus to AI and cloud computing. According to Gartner's predictions, over 80% of Neocloud providers may cease independent operations by 2030, and AI infrastructure spending could face a risk of impairment exceeding $3.5 trillion.