CoreWeave, a $19 billion AI computing provider, opens European headquarters in London with plans for two UK data centers

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CoreWeave doesn’t stick around. Immediately after a mega financing round with the GPU cloud company valued at a reported $19 billionthe New Jersey startup has opened an office in London that will serve as its European headquarters.

Additionally, Nuclear tissue said it will open two data centers in Britain this year as part of a £1 billion ($1.25 billion) investment, its first outside the US

Founded in 2017, CoreWeave is among the AI-focused cloud computing companies benefiting from the recent boom in AI, including the generative AI hype driven by OpenAI’s ChatGPT. CoreWeave provides access to cloud-based AI “compute,” the infrastructure and resources needed to perform computational tasks such as processing data and running machine learning models.

Developers building AI applications need access to GPUs (graphics processing units), which are complex to set up and manage, but also expensive to run because they are typically rented for a set period of time. CoreWeave makes this processing power available on-demand and at scale, offering a range of Nvidia GPUs to meet developers’ different use cases.

A number of players have emerged in this emerging space – and they are getting funding too. Lambda raised a whopping $320 million a few months agoand last month, French startup FlexAI emerged from stealth with $30 million, but with a focus on deploying AI models across multiple architectures, not just Nvidia.

CoreWeave is among the leaders in GPU cloud. Last week it said it had raised $1.1 billion in a round that nearly tripled its valuation from the previous week previously reported amount of $7 billion in December. That’s the AI ​​gold rush, and Nvidia itself has seen its market cap quadruple in the last twelve months. over 2 trillion dollars.

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UK and AI

Britain is considered one of the top countries for R&D investments in AI, after the US and China. Google’s DeepMind is based in the British capital, and recently Microsoft made a commitment of $3.15 billion to also build up its AI infrastructure in the country in the coming years. The Redmond-based giant’s newly formed consumer AI division also got its first international hub in London, and is led by former Inflection and DeepMind scientist Jordan Hoffmann.

The hold on AI talent will only increase in the UK in the coming years. For CoreWeave, a company spokesperson said its new headquarters will be located just off Brick Lane in east London, and that it will be looking to hire around 30 software engineering employees. supporting engineering, operations, finance and go-to-market roles.

Like cloud computing in general, establishing a localized ‘compute’ infrastructure should also mean lower latency and better performing applications for businesses in the region. Given CoreWeave’s plans to open two UK data centers by the end of this year, it’s safe to say the company was likely already working on these plans before today’s announcement.

It also means that CoreWeave will have 28 data centers worldwide by the end of 2024, although the company won’t say how many there are today. By the end of 2023, there were fourteen, all in the US

“We are seeing unprecedented demand for AI infrastructure and London is a key AI hub we are investing in,” said Mike Intrator, CEO and co-founder of CoreWeave. in a statement. “Expanding our physical footprint in the UK is an important milestone in the next phase of CoreWeave’s growth.”

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