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Google picks Finland for its largest single investment in Europe
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Google will buy up to half the electricity produced by one of Finland's nuclear power plants as part of a record €13bn (£11bn; $15bn) investment in the country's AI infrastructure, the company announced.
Key facts
- Google will buy up to half the electricity produced by one of Finland's nuclear power plants as part of a record €13bn (£11bn; $15bn) investment in the country's AI infrastructure, the company
- The Google investment is expected to support more than 37,000 jobs during construction and boost Finland's GDP by €3.6bn a year, according to Google
- Google to invest $15bn to build AI data hub in India
- Earlier this year, Google's parent company Alphabet raised its global spending plans to as much as $205bn as it sought to expand computing capacity for AI services
Summary
The US tech giant said the package would fund three new data centres, expand an existing site and support energy projects to power growing demand for AI services. "This is Google's largest single investment in Europe and a testament to Finland's leadership in responsibly building AI infrastructure," the company said on Wednesday. "Google's decision is a clear testament to our strengths," Finland's Prime Minister Petteri Orpo said in a statement. As part of the deal, Google signed a 22-year contract with Finnish utility Fortum to buy up to 50% of the output from the Loviisa nuclear power plant.