Google plans record €13B AI investment in Finland
Alphabet's Google has announced a $19 billion investment in artificial intelligence infrastructure in Finland over the next two years. The company signed its first nuclear power contract outside the United States in the Finnish deal, which includes a 22-year agreement to purchase up to 50% of the energy output of one of Finland's two nuclear plants, according to Fortum, the operator.
This move is seen as a significant step for Google, as it seeks data centers that can balance low-cost energy and climate goals. Google's Chief Investment Officer, Ruth Porat, highlighted the importance of nuclear energy to the company's efforts. The Finnish government welcomed Google's decision, emphasizing the potential benefits for innovation and the data economy.
The investment is projected to support around 7,000 jobs annually and contribute approximately $3.6 billion to Finland's GDP during construction.
Written by urgent.news from Straits Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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