CoreWeave, a $19B AI compute provider, opens European HQ in London with plans for 2 UK data centers [Yahoo! Finance]
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Source: Yahoo! Finance
startup has opened an office in London that will serve as its European headquarters. Additionally, Coreweave said that it will open two data centers in the U.K. this year as part of a £1 billion ($1.25 billion) investment, its first outside the U.S. Founded in 2017, CoreWeave is one of a number of AI-focused cloud computing companies to benefit from the recent surge in AI, including the generative AI hype prompted by OpenAI's ChatGPT . CoreWeave offers access to cloud-based AI "compute," which is the infrastructure and resources required to carry out computational tasks such as processing data and running machine learning models. Developers building AI applications need access to GPUs (graphics processing units), which are complex to set up and manage, as well as expensive to run, as they are typically rented for a set period of time. CoreWeave makes this processing power available on-demand and at scale, serving up a range of Nvidia GPUs to cater to developers' various use-case
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