Bellevue’s AI boom: CoreWeave doubles down on office space

Bellevue’s AI frenzy continues as CoreWeave recently doubled its footprint to 36,000 square feet at One Bellevue Center, according to a report in the Puget Sound Business Journal. 

Livingston, N.J.-based CoreWeave, which rents infrastructure to companies training and running large-scale artificial intelligence models, is expanding its engineering hub with dozens of open roles in the region.

Meanwhile, Bellevue is rapidly emerging as a focal point of the AI boom in the Seattle region, even as broader tech employment remains uneven with major layoffs at companies like Meta. Some have argued that the pendulum has swung from Seattle to Bellevue in terms of the tech epicenter in the region. 

The trend is certainly reshaping the Eastside into a developing AI corridor alongside Microsoft and Amazon. 

Just in the last six months: 

• Crusoe, the Denver-based cloud and AI infrastructure company, opened a new office in a 7,400-square-foot space in the Key Center building in downtown Bellevue. 
• Elon Musk’s xAI unveiled a 25,000-square-foot office in the former Epic Games space at Lincoln Square South in downtown Bellevue.
• OpenAI moved into a new engineering office at City Center Plaza in Bellevue, a retro-modern, wood-paneled space for 250 employees in the region, with enough room in the tower to ultimately accommodate as many as 1,400 people.

CoreWeave raised $1.5 billion in an initial public offering last year, pricing at $40 per share. Now trading at more than $103 per share, the 9-year-old company is valued at $56 billion. It is led by Michael Intrator, who prior to co-founding CoreWeave served as CEO natural gas hedge fund Hudson Ridge Asset Management.

Citing permit filings submitted earlier this month, PSBJ reported that CoreWeave is expanding from one floor to two in the One Bellevue building.

The CoreWeave engineering hub is one of more than 100 in the Seattle region. GeekWire tracks the various outposts from companies including Anthropic, Armada, Databricks and UiPath here. 

We’ve reached out to CoreWeave for comment about the office space, and we will update this post as we learn more. 

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