I/O Fund company blog

Nvidia, CoreWeave, and Nebius: Inside the Circular Financing of the GPU Boom

by @iofund io-fund.com published 2026-06-12

Neoclouds are one of the more hotly debated AI business models, with CoreWeave and Nebius being the two most widely recognized names. These companies have seen their sales, backlog, and share prices soar. Yet, supporting their growth is extremely expensive, and neoclouds do not have the same cash nor operating cash…

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Tech Industry & BusinessAI & Machine Learning2026

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