Sunday, July 14, 2024

CoreWeave Announces Significant European Expansion; Commits an Incremental $2.2 Billion to Meet Surging Demand for AI Infrastructure in the Region

Related stories

Synchron Announces Brain Computer Interface Chat Feature Powered by OpenAI

New feature includes AI-driven emotion and language predictions for...

Inspiro Wins Multiple Gold Honors from Globee® Awards

Inspiro, a leading global CX outsourcing company, is excited...

Peak Boosts Business Productivity with General Release of Agentic AI Assistant, Co:Driver

Artificial intelligence company Peak announced the general availability of Co:Driver,...

CoreWeave, the AI Hyperscaler, announced it will invest $2.2 billion to expand and open three new data centers in continental Europe before the end of 2025. This expansion is part of CoreWeave’s long-term strategy to provide best-in-class advanced compute solutions, including NVIDIA’s Blackwell platform and NVIDIA Quantum-2 InfiniBand networking, for the industry’s most innovative technology companies and AI leaders. This announcement builds on CoreWeave’s previously announced $1.3 billion investment in the UK, bringing the total investment in the region to $3.5 billion.

CoreWeave continues to scale rapidly to meet the surge in global demand for accelerated compute solutions that are critical for training and serving the most sophisticated AI models. The Company’s European footprint has been carefully designed to meet the regulatory and operational demands of the region, ensuring low-latency performance across all AI workloads and providing a data-sovereign cloud for both European and UK customers. When combined with CoreWeave’s differentiated tech stack, this offering makes CoreWeave the partner of choice for European AI developers, labs and enterprises that are looking to create the most sophisticated AI applications.

This expansion will also help CoreWeave better serve its existing customers who are looking to expand their international footprint and provide critical computing power to accelerate AI progress across the region. The three new data centers will be powered by 100% renewable energy, and will create job opportunities across the region. CoreWeave is hiring across several key roles, including in engineering, operations, finance and go-to-market positions.

Also Read: Applied Digital Issues Unsecured Convertible Debenture to Advance HPC Data Center Project in Ellendale, North Dakota

Europe represents the next frontier for the AI industry and is an important milestone in the next phase of CoreWeave’s growth,” said Mike Intrator, Co-founder and Chief Executive Officer of CoreWeave. “We see enormous opportunity for CoreWeave in Europe – CoreWeave’s GPU infrastructure will provide the European cloud market the computing solutions and tools needed to meet the growing demand for next generation AI applications. We see this as the first of what we hope to be several significant investments in the region as we continue to activate our vision of being the global AI hyperscaler of choice.”

“CoreWeave’s investments in Sweden will bolster critical AI infrastructure,” said Johan Forssell, Swedish Minister for International Development Cooperation and Foreign Trade. “This is exactly the kind of infrastructure and data power that is a precondition for innovative companies in AI. We need to make sure Sweden and Europe take part in building these facilities in order to put us at the forefront of driving economic growth, innovation and productivity. This is also a huge vote of confidence in the Swedish technology sector and I am proud that the Swedish investment climate is attracting pioneering companies like CoreWeave.”

“I am pleased that significant investments into AI infrastructure are being made on Norwegian ground,” said Karianne Tung, Norwegian minister of Digitalization. “Hopefully this will contribute to more development and use of AI in Norway. As minister of digitalization, I am optimistic about the power of technology. Commercially based access to AI and supercomputing is one of the ways in which Norwegian business and industry can utilize this technology. Private investment into our technological infrastructure bolsters our position as a hub for technological development and AI. I am confident that this AI initiative will result in synergies between the investors and the thriving AI research and development environments in Norway.”

“The NVIDIA Blackwell platform and NVIDIA Quantum-2 InfiniBand networking, available through CoreWeave‘s platform, will help set a new standard for AI performance in Europe by making supercomputing more accessible,” said Jaap Zuiderveld, Vice President of Sales and Marketing for Europe, the Middle East and India at NVIDIA. “NVIDIA’s full-stack accelerated computing platform will empower companies with the performance needed to achieve rapid advancements in generative AI at scale.”

Source: PRNewswire


- Never miss a story with notifications

    Latest stories