CoreWeave and Nvidia Announce $2.2B AI Data Center Expansion in Europe by 2025
June 7, 2024CoreWeave, in partnership with Nvidia, announces a $2.2 billion expansion plan to establish three new data centers in Europe by 2025.
The new data centers will feature advanced technologies like NVIDIA Blackwell GPUs and Quantum-2 InfiniBand networking.
The expansion aims to meet the increasing demand for AI infrastructure and will create job opportunities while operating on 100% renewable energy.
This initiative follows CoreWeave's previous $3.5 billion commitments in the UK and represents a significant step towards becoming a leading global AI hyperscaler.
CoreWeave aims to revolutionize AI performance in Europe and democratize access to supercomputing capabilities with Nvidia's cutting-edge chips.
Financial successes, including $7.5 billion in debt funding and a successful Series C funding round, have strengthened CoreWeave's position in the AI infrastructure sector.
Government officials and industry leaders have praised CoreWeave's growth and dedication to driving AI innovation globally.
CoreWeave's focus on delivering state-of-the-art technology to AI developers, labs, and enterprises positions it to shape the future of AI infrastructure in Europe and beyond.
Summary based on 3 sources
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Sources
Tech.eu • Jun 5, 2024
AI hyperscaler CoreWeave invests $2.2B to open three new European data centresMarketScreener • Jun 6, 2024
Cloud provider CoreWeave to invest $2.2 bln in Europe