This document summarizes work exploring the use of CUDA GPUs and Cell processors to accelerate a gravitational wave source-modelling application called the EMRI Teukolsky code. The code models gravitational waves generated by a small compact object orbiting a supermassive black hole. The authors implemented the code on a Cell processor and Nvidia GPU using CUDA. They were able to achieve over an order of magnitude speedup compared to a CPU implementation by leveraging the parallelism of these hardware accelerators.