Nvidia · CNBC Technology
Nvidia plays matchmaker in Nordics, sources tell CNBC, as AI data center agreements boom in region
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Nvidia is playing matchmaker, trying to connect companies with its graphics processing units to data-center operators that have the capacity to deploy them in the Nordics, sources have told CNBC.
Key facts
- Pure DC said in July it would invest 1.5 billion euros ($1.74 billion) to build a 110 MW campus in Finland, with the potential to scale beyond 550 MW
- Arcem has plans for a site with up to 500 MW of capacity
- There is currently 2.3 GW of data center capacity queuing for future connections to the power grid, according to Statnett, the Norwegian grid operator
- For AI-driven data centre growth, the Nordics offer one of the clearest delivery propositions globally," Rupert Duckworth, associate director, EMEA Data Centre Advisory at Savills, said in the report
Summary
While Nvidia has established an effective monopoly over the most powerful AI chips, it has worked to exert greater influence across the AI ecosystem as the race to build infrastructure accelerates. The chip giant has also sought a role in AI infrastructure deals. Their accounts add context to remarks by Nvidia Chief Financial Officer Colette Kress, who said in June that Nvidia had "certainly engaged" in "matchmaking" with companies. Gigawatts of data-center capacity are due to be built in the Nordics in the coming years, thanks to access to power and abundant land.