Google to invest record $15 billion in AI infrastructure in the 'Texas of Europe'
Google on Wednesday said it would invest $15.1 billion into AI infrastructure in Finland, marking the tech giant's largest single investment in Europe.
TL;DR
- Google is investing at least 13 billion euros ($15.1 billion) in AI infrastructure in Finland by 2028.
- This marks Google's largest single investment in Europe.
- Finland is emerging as a key location for data centers due to available land and power.
- Google has signed a 22-year power purchase agreement with Finnish energy company Fortum.
- Other companies like Pure DC, Arcem, and Nebius are also announcing significant data center projects in Finland.
- Finland's appeal for AI infrastructure has led to it being called the 'Texas of Europe'.
- Google will also explore new business models for potential new nuclear reactors at its Loviisa site with Fortum.
- Finland is also attracting investment for digital infrastructure supporting social media workloads, with TikTok expanding its data center capacity.