By Arasu Kannagi Basil (Reuters) -Nvidia-backed CoreWeave's revenue surged more than eight-fold in 2024, the cloud provider disclosed on Monday in its U.S. initial public offering paperwork, as the startup presses ahead with the first major artificial intelligence listing in New York this year.

Through its cloud infrastructure, enterprise customers including Meta Platforms Inc. can obtain on-demand access to some of Nvidia’s most powerful GPUs, including its H100 and H200 chips, which are designed to provide accelerated computing power for large language models and other AI workloads.

CoreWeave, a cloud-computing provider that’s one of the hottest startups in artificial intelligence, filed for an initial public offering disclosing rapidly growing revenue.