This analysis compares Nebius and CoreWeave, two rapidly scaling AI cloud infrastructure providers, focusing on scale, vendor relationships, forward guidance, and the competitive dynamic between them. This is an ongoing effort I am undertaking to understand the inter relationships and dynamics as the ecosystem evelves to AI Factories. I also tounch on Applied Digital and how they fit within the framework. — ### Scale **CoreWeave** – CoreWeave has experienced explosive growth, reporting $1.9 billion in revenue for 2024 (a 737% year-over-year increase), driven by surging demand for AI computing[6][12]. – Its Q1 2025 revenue was $981.6 million, up 420% year-over-year[1][7]. … Continue reading Comparison of Nebius and CoreWeave