May 23, 2024, 6:47 PM
May 20, 2024, 10:30 AM

Google's 1 Billion Euro Investment to Expand AI-Powered Data Center in Finland

Highlights
  • Google plans to invest 1.1 billion dollars in expanding its data center in Finland.
  • The expansion aims to drive the growth of Google's artificial intelligence business in Europe.
  • Finland's appeal includes access to green energy and favorable conditions for data centers.
Story

Harvard students left graduation to protest suspensions. Nvidia's stock rose due to strong sales forecast for AI. Stocks and bonds fell as bets on Fed cuts decreased. Israel will resume talks after a video of a hostage caused anger. A Citi trader received 711 warnings before causing a flash crash. Google will invest 1 billion euros in Finland to expand its data center for AI growth in Europe. Google chose Finland for its data center due to the cool climate and renewable power. The company aims to run on green energy by the end of the decade. They plan to use excess heat to warm homes through district heating. This technology is common in northern Europe. Google's investment may lead to more sites using waste heat recovery. The Nordic region attracts tech firms due to renewable energy. Finland's wind power capacity has grown rapidly. Google's data center in Hamina already operates with 97% carbon-free energy. The excess heat from the center will be used to heat nearby buildings. Google aims to achieve net zero emissions by 2030. In addition to Finland, Google plans to build new data centers in the Netherlands and Belgium. The company's investment in Europe is driven by the increasing use of AI. The region's renewable power and cool climate make it attractive for data centers. Finland's wind power surplus allows for more data centers to operate sustainably.

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