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ServiceNow, Coreweave and others to invest $8.2 billion in UK data centers to fuel AI growth

Enterprise software giant ServiceNow and AI-focused startup CoreWeave have announced plans to invest billions in the U.K., signaling strong support for Prime Minister Keir Starmer’s efforts to attract foreign investment.

ServiceNow revealed a $1.5 billion investment over the next five years to grow its U.K. operations. The U.S.-based company plans to expand its office space and increase its workforce, currently at 1,000 employees. Additionally, it will invest in localizing data processing for its large language models (LLMs), which are AI systems that process vast amounts of data to generate human-like text. To support this, ServiceNow will equip its London and Newport data centers with Nvidia GPUs, aiding in the development of “domain-specific LLMs” for U.K. clients and government.

As European policymakers push for “AI sovereignty,” the concept of keeping AI technologies and data within Europe to better reflect local culture and history, ServiceNow’s investment aligns with these goals.

CoreWeave, a cloud computing firm specializing in renting GPUs to developers for AI model training and deployment, committed £750 million ($978.6 million) to meet U.K. demand for AI infrastructure. This follows a previous £1 billion investment announced in May.

Additionally, two U.S.-based data center operators have unveiled plans to invest billions in the U.K. CyrusOne intends to expand its investment to £2.5 billion, while CloudHQ is set to develop a £1.9 billion data center campus in Didcot, Oxfordshire.

Overall, the cloud infrastructure investments total £6.3 billion, according to the U.K. government.

“Today’s drumbeat of investment is a vote of confidence in Britain and our approach to work with business to deliver sustained growth for all,” U.K. Technology Minister Peter Kyle said in a statement Monday.

Also read | Stripe, Wise founders want a ‘tech renaissance’ in Europe to help region rival Silicon Valley

Upskilling programs

ServiceNow said it also planned to offer new skills programs in the U.K. that will reach 240,000 people.

“The United Kingdom is embracing technology transformation at scale. In this new age of AI, the country continues to be a global leader in driving innovation for the benefit of all its communities,” Bill McDermott, ServiceNow’s CEO, said in a statement Monday.

“Our investment accelerates the U.K.’s push to put AI to work, empowering people, enriching experiences, and strengthening societal bonds. Together, ServiceNow and our customers across the U.K. are delivering a future where technology benefits everyone.”   

The announcements were made during the International Investment Summit, where U.K. leader Keir Starmer is set to convene 300 business leaders to promote foreign investment.

ServiceNow, CoreWeave, CyrusOne, and CloudHQ are among several U.S. tech companies making significant investments in the U.K. as a global hub for AI innovation. Earlier this year, Salesforce also joined this trend by opening its first global AI center in London. The center is designed to support AI training, and upskilling programs, and encourage industry collaboration.

This AI center is part of Salesforce’s broader commitment, which includes a $4 billion investment in the U.K. over five years, announced in June last year.

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