CoreWeave Invests $2.2 Billion in European AI Infrastructure Expansion

CoreWeave,
the
company
renowned
for
its
AI
hyperscaling
capabilities,
has
announced
a
substantial
investment
of
$2.2
billion
to
expand
its
operations
with
three
new
data
centers
across
continental
Europe,
according
to

PRNewswire.
This
strategic
move
is
aimed
at
meeting
the
increasing
demand
for
advanced
AI
infrastructure
in
the
region.

New
Data
Centers
to
Be
Established

The
expansion
will
see
the
establishment
of
state-of-the-art
data
centers
in
Norway,
Sweden,
and
Spain
by
the
end
of
2025.
These
facilities
will
be
equipped
with
NVIDIA
Blackwell
GPUs
and
NVIDIA
Quantum-2
InfiniBand
networking,
marking
the
first
large-scale
deployment
of
these
technologies
in
Europe.

This
development
follows
CoreWeave’s
recent
opening
of
its
European
headquarters
in
London,
alongside
two
UK
data
centers
and
a
$1.3
billion
investment
in
the
UK.
With
this
new
investment,
CoreWeave’s
total
commitment
in
Europe
now
amounts
to
$3.5
billion.

Strategic
Importance
of
European
Expansion

The
rapid
scaling
aligns
with
CoreWeave’s
strategy
to
cater
to
the
surging
global
demand
for
accelerated
compute
solutions
essential
for
training
and
deploying
sophisticated
AI
models.
The
European
expansion
is
designed
to
meet
stringent
regulatory
and
operational
requirements,
ensuring
low-latency
performance
and
data
sovereignty
for
both
European
and
UK
customers.

Mike
Intrator,
Co-founder
and
CEO
of
CoreWeave,
emphasized
the
significance
of
this
move,
stating,
“Europe
represents
the
next
frontier
for
the
AI
industry
and
is
an
important
milestone
in
the
next
phase
of
CoreWeave’s
growth.
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.”

Commitment
to
Sustainability
and
Job
Creation

The
new
data
centers
will
be
powered
entirely
by
renewable
energy,
aligning
with
CoreWeave’s
commitment
to
sustainability.
This
expansion
is
expected
to
create
numerous
job
opportunities
across
various
roles,
including
engineering,
operations,
finance,
and
market
positions.

Johan
Forssell,
Swedish
Minister
for
International
Development
Cooperation
and
Foreign
Trade,
praised
the
investment,
stating,
“CoreWeave’s
investments
in
Sweden
will
bolster
critical
AI
infrastructure.
This
is
exactly
the
kind
of
infrastructure
and
data
power
that
is
a
precondition
for
innovative
companies
in
AI.”

Karianne
Tung,
Norwegian
Minister
of
Digitalization,
echoed
similar
sentiments,
expressing
optimism
about
the
potential
of
AI
and
supercomputing
to
drive
economic
growth
and
innovation
in
Norway.

Support
from
Industry
Partners

Jaap
Zuiderveld,
Vice
President
of
Sales
and
Marketing
for
Europe,
the
Middle
East,
and
India
at
NVIDIA,
highlighted
the
role
of
NVIDIA’s
technologies
in
this
initiative.
“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,”
he
said.

CoreWeave’s
European
expansion
builds
on
its
recent
momentum,
including
a
$7.5
billion
debt
financing
facility
led
by
Blackstone
Tactical
Opportunities,
a
$1.1
billion
Series
C
funding
round
in
May
2024,
and
a
$2.3
billion
debt
financing
facility
in
August
2023.

As
CoreWeave
continues
to
expand
its
footprint,
these
new
data
centers
will
further
solidify
its
position
as
a
leader
in
providing
advanced
AI
infrastructure
globally.

Image
source:
Shutterstock

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