1. CoreWeave has opened an office in London as its European headquarters and plans to open two data centers in the U.K. as part of a £1 billion investment.
2. The company offers GPU cloud services for AI developers, has raised $1.1 billion in funding and has seen its valuation skyrocket in the AI gold rush fueled by Nvidia.
3. The U.K. is a growing hub for AI investment, with companies like Google and Microsoft making significant commitments, leading to an increasing demand for AI talent in the country.
CoreWeave, a GPU cloud computing company, has recently opened an office in London to serve as its European headquarters and announced plans to open two data centers in the U.K. later this year, part of a £1 billion investment. Established in 2017, CoreWeave offers cloud-based AI “compute” infrastructure that enables developers to access processing power on demand, specifically Nvidia GPUs.
The AI space is rapidly growing, with companies like CoreWeave, Lambda, and FlexAI securing significant funding. CoreWeave’s recent $1.1 billion funding round nearly tripled its valuation, reflecting the high demand for AI infrastructure. The U.K. ranks among the top countries investing in AI research and development, with companies like Google’s DeepMind and Microsoft expanding their presence in the country.
CoreWeave aims to hire 30 staff for its new London headquarters, focusing on roles in software engineering, support engineering, operations, finance, and go-to-market functions. By establishing data centers in the U.K., CoreWeave aims to provide lower latency and higher-performing applications for companies in the region. With plans to have 28 data centers globally by 2024, CoreWeave’s expansion in the U.K. demonstrates its commitment to meeting the growing demand for AI infrastructure.
CEO and co-founder Mike Intrator emphasized the importance of investing in London as an AI hub, highlighting the company’s dedication to expanding its physical footprint in the U.K. This move represents a significant milestone in CoreWeave’s growth as it continues to meet the escalating demand for AI infrastructure.