CoreWeave, a specialised cloud provider for AI, has opened an office in London as its European headquarters as part of a broader expansion into the continent. 

The New York firm says the UK expansion represents a £1 billion investment to bolster the country’s AI potential, and will create job opportunities across engineering, operations, finance and go-to-market functions.

CoreWeave plans to open two UK data centres in 2024 with further expansion planned in 2025.

“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, co-founder and CEO. 

“CoreWeave’s infrastructure will fill a void in the cloud market by providing AI enterprises with localised high-performance compute solutions that will help build and deploy the next generation of AI applications.”  

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CoreWeave’s existing data centres support some of the largest deployments of high-performance GPU clusters in the world, and the infrastructure through which those clusters are consumed is designed with engineers and innovators in mind. 

It says its new European headquarters in London is strategically located given the tremendous AI talent in the UK and will support the continued expansion of AI labs and enterprise customers across the nation.

Secretary of State of Science, Innovation and Technology Michelle Donelan said: “CoreWeave’s decision to base their European HQ here in London is not just a sign of our tech investment prowess, it is a resounding vote of confidence in our approach to AI and innovation. 

“Today’s £1 billion investment will bring two new data centres to our shores, a vital tool in helping to develop the AI breakthroughs of tomorrow.

“It will also lead to new, highly paid jobs and countless opportunities for our brightest AI minds and startups as the UK continues to cement its global AI powerhouse credentials. Our message is clear – when it comes to investment, scaling up and innovation, the UK is the perfect home from home.”

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