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Google to Invest Record $15 Billion In AI Infrastructure In Finland
Google plans to invest at least $15 billion in AI infrastructure in Finland through 2028, its largest single investment in Europe. The company also signed a 22-year power agreement with Finnish utility Fortum and said it will explore business models that could support new nuclear reactors at Fortum's Loviisa site.
Finland has emerged as a major data-center hub thanks to its available land and power. "I've heard it called the 'Texas of Europe' at industry events," Matti Lajunen, partner of real estate at Finnish law firm Hannes Snellman, told CNBC. "What we're now seeing is weekly new inquiries for market entry into Finland from new players."
Ruth Porat, president and chief investment officer of Alphabet and Google, said in a statement: "Google is proud to deepen our roots in Finland with the company's largest single investment in Europe, building on more than 15 years of sustained investment in Finland. This investment underscores Google's commitment to grow our presence responsibly, pairing the expansion of our technical infrastructure with new energy capacity, grid enhancements, and energy affordability initiatives."
Google to Invest Record $15 Billion In AI Infrastructure In Finland
Google plans to invest at least $15 billion in AI infrastructure in Finland through 2028, its largest single investment in Europe. The company also signed a 22-year power agreement with Finnish utility Fortum an