AI cloud provider CoreWeave is investing £1 billion ($1.25bn) in expanding its operations in the UK.
The investment will enable the launch of two data centers in the UK in 2024, with further expansion plans for 2025.
In addition to the data centers, CoreWeave has opened an office in London, which will be its European headquarters.
"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 UK is an important milestone in the next phase of CoreWeave's growth," said Mike Intrator, cofounder and CEO, CoreWeave.
"CoreWeave's infrastructure will fill a void in the cloud market by providing AI enterprises with localized high-performance compute solutions that will help build and deploy the next generation of AI applications."
UK Prime Minister Rishi Sunak said: "Companies like CoreWeave are powering the future of AI innovation, and I am proud that they've backed the UK with a £1 billion investment into UK data centers and have established their European headquarters here – further cementing the UK's position as an AI and tech superpower.
"We're leaving no stone unturned to make the UK the best place for pioneering companies like CoreWeave to grow their roots. With the third highest number of AI companies and private investment in AI in the world, it's clear our plan is working."
Details about the upcoming UK data center have not been shared. DCD has contacted the company for more information.
Founded in 2017 and originally focused on crypto and blockchain applications, CoreWeave has been investing heavily in its cloud offering, offering access to GPUs for AI applications.
CoreWave currently offers services from three data center regions according to its website; US East in Weehawken, New Jersey; US West in Las Vegas, Nevada; and US Central in Chicago, Illinois. However, the company has been on a major leasing spree. CoreWeave previously said that it expects to operate 14 data centers by the end of 2023 and 28 by the end of 2024.
CoreWeave last year announced $1.6bn plans for a data center at a Lincoln Rackhouse-owned site in Plano, Texas, in addition to moving into a Chirisa-owned data center in Chester, Virginia. It is also leasing Flexential data centers in Oregon and Georgia.
TierPoint has signed a long-term agreement with CoreWeave to provide the GPU firm colocation services at one of its data centers, though details weren’t shared. The company is also a named Digital Realty customer, leasing space for “tens of thousands of GPUs” at an unspecified facility on the US West Coast.
In March the company announced it was leasing 16MW of capacity from cryptominer Core Scientific at its facility in Austin, Texas.
