⚡ 𝐔𝐏𝐃𝐀𝐓𝐄: $Alphabet(GOOGL.US) Google Plans €13 Billion AI Infrastructure Expansion in Finland, Its Largest European Investment - $Nokia Oyj(NOK.US)

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗚𝗼𝗼𝗴𝗹𝗲 plans at least €𝟭𝟯 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 investment in Finland.

➤ Investment represents Google's 𝗹𝗮𝗿𝗴𝗲𝘀𝘁-𝗲𝘃𝗲𝗿 single investment in Europe.

➤ Google will build at least 𝘁𝗵𝗿𝗲𝗲 𝗻𝗲𝘄 𝗱𝗮𝘁𝗮 𝗰𝗲𝗻𝘁𝗲𝗿𝘀.

➤ New facilities are planned in 𝗞𝗮𝗷𝗮𝗮𝗻𝗶, 𝗠𝘂𝗵𝗼𝘀, and 𝗩𝗮𝗮𝗹𝗮.

➤ Google's existing 𝗛𝗮𝗺𝗶𝗻𝗮 data center will also be expanded.

➤ Construction is expected to support more than 𝟯𝟳,𝟬𝟬𝟬 𝗷𝗼𝗯𝘀.

➤ Operational facilities could support approximately 𝟳,𝟬𝟬𝟬 𝗷𝗼𝗯𝘀.

➤ Alphabet raised its 𝟮𝟬𝟮𝟲 capital-spending forecast to $𝟮𝟬𝟱 𝗯𝗶𝗹𝗹𝗶𝗼𝗻.

➤ Kajaani project includes a 𝟵𝟰-𝗺𝗲𝗴𝗮𝘄𝗮𝘁𝘁 battery storage system.

➤ Fortum signed a 𝟮𝟮-𝘆𝗲𝗮𝗿 power agreement covering 𝟱𝟬% of Loviisa capacity.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Investment significantly expands 𝗚𝗼𝗼𝗴𝗹𝗲'𝘀 European AI computing capacity.

➤ Scale underscores intensifying 𝗔𝗜 𝗶𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 spending among technology giants.

➤ Finland's cold climate and carbon-free electricity offer strategic infrastructure advantages.

➤ Long-term energy agreements secure substantial power for growing AI workloads.

➤ 𝗡𝗼𝗸𝗶𝗮 and 𝗘𝗹𝗶𝘀𝗮 gain roles supporting critical data-center connectivity.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁:

𝗥𝘂𝘁𝗵 𝗣𝗼𝗿𝗮𝘁, Chief Investment Officer:

“Google is proud to deepen our roots in Finland with the company’s largest single investment in Europe.”