CoreWeave, a $19B AI compute provider, opens its first international data centers in the UK

Date:

Share post:


Coreweave, the cloud computing company that provides companies with AI compute resources, has formally opened its first two data centers in the U.K. — its first outside its domestic U.S. market.

CoreWeave opened its European headquarters in London last May, shortly after earning a $19 billion valuation off the back of a $1.1. billion fundraise. At the same time, the company announced plans to open two data centers as part of a £1 billion ($1.25 billion) investment in the U.K.

Today’s news coincides with a separate announcement from the U.K. government, which details a five-year investment plan to bolster government-owned AI computing capacity as well as geographic “AI Growth Zones,” which includes AI infrastructure from the private sector.

“This investment is a huge vote of confidence in the U.K.’s digital technology sector, and is exactly the kind we want to see as we grow the economy and use AI to drive efficiency,” Rachel Reeves, U.K. Chancellor of the Exchequer, said in a statement.

CoreWeave’s first U.K. data center quietly went live in Crawley back in October, the company said, and the second hub started operations in December in London Docklands. Both locations use Nvidia’s Hopper GPUs (graphical processing units), based on its upgraded H200 series of chips designed for AI workloads.

From crypto to AI compute

Founded in 2017, CoreWeave started out with a focus on crypto mining, but with the surge in demand for AI compute — the processing power and infrastructure required to carry out computational tasks such as running algorithms and machine learning models — the company repurposed its GPU infrastructure for such workloads.

CoreWeave is one of a number of cloud infrastructure startups looking to capitalize on the AI hype wave, including domestic European players such as France’s FlexAI; DataCrunch, which is based out of Finland; and Netherlands-based Nebius, which emerged from the ashes of Russian internet giant Yandex.

CoreWeave said it had opened 28 data centers by the end of 2024, including the two new ones it announced today. It’s also planning 10 new data centers in 2025, three of which will be in Europe, including three previously announced locations in Norway, Sweden and Spain.



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Blue Origin delays launch of New Glenn mega-rocket

Jeff Bezos’ space company Blue Origin postponed the inaugural launch of its first orbital rocket, New Glenn,...

Sonos CEO Patrick Spence is leaving following app update disaster

Some changes at Sonos. Patrick Spence, the company’s chief executive officer (pictured above), is leaving the company...

Float Financial, which aims to be the Brex of Canada, lands US$48.5M Series B

Float Financial, an expense management and corporate card startup focused on the Canadian market, has raised $48.5...

A breach of a data broker’s trove of location data threatens the privacy of millions

A hack and data breach at location data broker Gravy Analytics is threatening the privacy of millions...

UK throws its hat into the AI fire

In 2023, the U.K. made a big song and dance about the need to consider the harms...

Groww, India’s biggest trading app, prepares for IPO

Groww, India’s largest retail stockbroker, is positioning itself to file for an IPO in 10-12 months and...

UK in-home healthcare provider Cera raises $150M to expand its AI platform

Around the world, public healthcare systems have struggled to reset post-pandemic, and in particular, the increasingly aged...

Watch Duty was downloaded 2 million times during this week’s LA fires

Fire-tracking app Watch Duty has become a crucial source of information for Los Angeles residents threatened by...