Best Cloud Computing Companies

AI cloud companies

Providers that rent GPU capacity for training and running AI models, compared on the figures they publish.

Updated November 10, 2026

What an AI cloud is

An AI cloud sells access to large numbers of GPUs, the chips used to train and run AI models, along with the storage and networking around them. The specialists in this business are often called neoclouds. The largest general providers sell the same kind of capacity inside their wider clouds.

Neoclouds that report revenue

AI cloud specialists by reported revenue
RankCompanyCloud revenueGrowthQuarterReported lineSource
6 CoreWeaveGPU compute for training and running AI models $2.58 billion +112% Q2 2026 Total revenue SiliconANGLE
8 NebiusGPU cloud for AI training and inference $582.3 million +454% Q2 2026 Group revenue StorageNewsletter

The rank is each company’s position in the full ranking. Third-quarter 2026 results for both companies were not available for this edition.

Contracted revenue not yet delivered

Much of this market is sold years ahead. Three companies on this site have published the size of their signed commitments. The definitions differ, so the figures show scale and are not a like-for-like comparison.

Oracle$664 billion remaining performance obligations, whole company · Verdict
Google Cloud$561 billion cloud backlog · The Next Web
CoreWeave$104 billion revenue backlog · SiliconANGLE

General clouds selling AI capacity

Oracle’s cloud infrastructure revenue grew 121% in its latest quarter and Google Cloud’s segment grew 103%, both faster than CoreWeave at 112% one quarter earlier. AWS and Azure grew 39% and 48% from much larger bases.

Private AI clouds

  • Lambda. Private company. It publishes no audited revenue.
  • Crusoe. Private company. It publishes no audited revenue.

They will get a rank when they publish audited revenue, for example in a filing ahead of a stock listing.

Sources

  1. SiliconANGLE. CoreWeave coasts to solid earnings beat, sending stock higher after hours. August 11, 2026.
  2. StorageNewsletter. Nebius: Fiscal 2Q26 Financial Results. August 20, 2026.
  3. Verdict. Oracle Q1 FY27 results. September 11, 2026.
  4. The Next Web. Google Cloud revenue doubles to $30.7bn, beating forecasts. October 29, 2026.
  5. Constellation Research. AWS Q3 revenue growth surges 39%, capex stings Amazon’s cash flow. October 29, 2026.
  6. Microsoft Investor Relations. FY27 Q1 press release. October 28, 2026.