Google to invest $15 billion into AI infrastructure in Finland in biggest-ever Europe investment
Google on Wednesday said it would invest 13 billion euros ($15.1 billion) into AI infrastructure in Finland, marking the tech giant's largest single investment in Europe.
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.
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- Google to invest $19 billion in AI infrastructure and buy nuclear power in Finland straitstimes.com
- Google to invest record $15 billion in AI infrastructure in the 'Texas of Europe' cnbc.com
- Google plans record €13B AI investment in Finland seekingalpha.com
- Google to invest $15 billion in AI infrastructure in Finland channelnewsasia.com
