The company's new London office will be hiring around 30 staff across various roles. CoreWeave's expansion into the U.K. is expected to result in lower latency and higher-performing applications for regional companies. By the end of 2024, CoreWeave plans to have 28 data centers operating globally. The company's CEO, Mike Intrator, stated that the U.K. expansion is a significant milestone in CoreWeave's growth, citing unprecedented demand for AI infrastructure and London's importance as an AI hub.
Key takeaways:
- GPU cloud company CoreWeave, valued at $19 billion, has opened its European headquarters in London and plans to open two data centers in the U.K. this year as part of a £1 billion ($1.25 billion) investment.
- CoreWeave offers cloud-based AI "compute," providing developers with access to GPUs for tasks such as processing data and running machine learning models.
- The company recently raised $1.1 billion in a funding round, nearly tripling its valuation from the previously reported $7 billion figure in December.
- By the end of 2024, CoreWeave will have 28 data centers operating globally, with the new U.K. centers marking its first expansion outside the U.S.