Meet the data center capital of Europe as Google joins Microsoft and TikTok in betting over $30.2 billion on Finland
Major “hyperscalers” are making their way across the pond to build foundations in Europe’s newest data center host.
Finland has emerged as a major player in Europe's data center expansion, attracting significant investments from tech giants like Google, Microsoft, and TikTok. The country's fast-growing AI market and commitment to sustainability have made it an attractive destination for these investments. Google recently announced its largest European investment yet, pledging €13 billion ($15.1 billion) for AI infrastructure across four locations in Finland over the next two years.
This includes plans for grid upgrades, renewable energy projects, and partnerships to support power demands for its AI systems. Microsoft and TikTok have also made substantial investments in Finland, with Microsoft acquiring land for data centers and TikTok committing €1.1 billion ($1.16 billion) for its Kouvola facility. The Finnish government has welcomed these investments, emphasizing the potential for long-term economic benefits and innovation.
Written by urgent.news from Fortune's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
