Better Artificial Intelligence Stock: Nebius Group vs. CoreWeave

Nebius (NASDAQ: NBIS) and CoreWeave (NASDAQ: CRWV) both provide cloud-based GPUs for processing artificial intelligence (AI) tasks. Companies can remotely access those cloud-based GPUs for a fee instead of building their own GPU-powered data centers -- which can be cheaper, more flexible, and more scalable than installing on-site hardware.Nebius and CoreWeave didn't start out as AI-driven cloud-based GPU providers. Nebius was previously known as Yandex, the online search leader in Russia. But as sanctions derailed its expansion plans, it divested its Russian assets, repurposed its data centers for handling AI tasks, and rebranded itself as an AI company. CoreWeave was once an Ethereum mining company, but the crypto crash of 2018 drove it to abandon that business model and repurpose its GPUs to process AI applications instead.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool