Paperspace is a service that enables you to run your computer from the cloud. You can log into the system from any Internet-connected computer in the world and work on your desktop regardless of its location.
How it works is you have to log onto Paperspace's servers. This lets you access a virtual desktop, applications and webpages streamed to you via the cloud. You can also log in via a browser on an existing computer or using a tiny device called the Paperweight that you can connect to any monitor, keyboard or mouse.
In situations where you're looking for extra processing power or you need to access your computer for a distance, Paperspace could be a godsend. It could also be helpful if your computer gets damaged in some way, as your stuff is safely stored online.