CoreWeave is investing $1.6 billion in a 450,000 square foot data center facility located in Plano, Texas. Expected to be fully operational by December 31, 2023, the new data center will support economic activity and job growth in the area while taking advantage of a tax rebate agreement with Plano. The company must designate at least $800 million for property improvements each year to receive the rebate.
Mayor of Plano John B Muns commented on CoreWeave’s investment: “With demand for machine learning, AI and visual effects/rendering sharply rising we are thrilled to partner with CoreWeave as they invest in their first data center capable of high-computing solutions for such specialized needs.”
Coreweave specializes cloud solutions that are tailored towards compute intensive use cases including visual effects rendering; machine learning; artificial intelligence; batch processing and pixel streaming – all services provided aim to run 35 times faster than large public clouds whilst costing 80% less too!
