Google announced on Wednesday its largest investment in Europe: at least 13 billion euros ($15.1 billion) in AI infrastructure in Finland over the next two years. This amount adds to investments from Microsoft and TikTok, bringing the total commitment from major tech companies to over $30.2 billion in the Nordic country. Microsoft acquired approximately 190 hectares of land on Finland’s western coast for a data center project, while TikTok planned a $1.1 billion investment for its second Finnish facility in Kouvola. Meanwhile, Google signed an agreement with Finnish utility company Fortum to extend the life of a nuclear power plant in Loviisa, including a 22-year purchase agreement for up to 50% of the energy from one reactor. This strategic partnership with Finnish authorities aims to ensure environmental sustainability and energy security for the growing demands of AI infrastructure.
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