CoreWeave, a leading GPU cloud company, is making big moves in the AI space. After securing a massive funding round that valued the startup at $19 billion, CoreWeave has now opened an office in London to serve as its European headquarters.
In addition to the new office, CoreWeave has announced plans to invest £1 billion ($1.25 billion) in opening two data centers in the U.K. later this year. This marks the company’s first expansion outside of the U.S. since its founding in 2017.
CoreWeave specializes in providing cloud-based AI “compute” infrastructure, offering developers access to GPUs for running machine learning models and processing data. This on-demand and scalable approach to GPU computing has positioned CoreWeave as a frontrunner in the GPU cloud space.
The U.K. is a key player in AI research and development, making it an ideal location for CoreWeave’s expansion. With London already home to tech giants like Google’s DeepMind and Microsoft’s AI division, CoreWeave’s decision to establish a presence in the city aligns with the growing demand for AI infrastructure in the region.
CEO and co-founder of CoreWeave, Mike Intrator, expressed excitement about the company’s expansion, stating, “We are seeing unprecedented demand for AI infrastructure and London is an important AI hub that we are investing in. Expanding our physical footprint in the U.K. is an important milestone in the next phase of CoreWeave’s growth.”
With plans to open two data centers in the U.K. by the end of the year, CoreWeave is poised to further solidify its position as a key player in the AI and GPU cloud computing space.