July 15 (Reuters) -
CoreWeave ( CRWV ) plans to spend up to $6 billion on
building a new artificial intelligence data center in
Pennsylvania, as part of a push by U.S. President Donald Trump
to maintain the country's edge in the booming technology sector,
the company said on Tuesday.
Shares of the AI cloud computing firm rose more than 8% in
premarket trading.
CoreWeave's ( CRWV ) investment adds to the hundreds of billions
of dollars companies have committed to expanding AI
infrastructure in the United States, amid growing energy and
computational demands and Trump's drive to onshore AI supply
chains.
The announcement will be made during a CEO roundtable with
Trump at Senator Dave McCormick's inaugural Pennsylvania Energy
and Innovation Summit, the company said in a statement.
Trump is expected to announce
$70 billion in AI and energy investments
on Tuesday, Reuters has reported.
"The demand for high-performance AI compute is
relentless, and CoreWeave ( CRWV ) is scaling a cloud purpose-built for
AI to meet it and strengthen U.S. leadership," said CoreWeave ( CRWV )
CEO Michael Intrator.
The data center will initially use 100 megawatts (MW) of
power, with potential to expand to 300 MW.
The project is expected to create about 600 jobs during
construction, with about 70 full-time technical and operational
positions at launch.
Last month, cloud giant Amazon.com ( AMZN ) said it
plans to invest at least $20 billion in Pennsylvania to expand
its data centers.
The announcement comes a week after CoreWeave ( CRWV ) agreed to
acquire crypto miner Core Scientific ( CORZ ) in a deal valued
at about $9 billion, as it seeks the energy and data center
capacity needed to power surging AI demand.