Google to invest 1 bn euros into Finnish data centre to drive AI growth

Alphabet-owned Google will invest a further 1 billion euros ($1.1 billion) into the expansion of its data centre campus in Finland to drive its artificial intelligence (AI) business growth in Europe, it said in a statement on Monday.

In recent years, many data centres have been located in the Nordic countries because of the region’s cooler climate, tax breaks and abundant availability of renewable power.

Finland’s Nordic neighbours Sweden and Norway have recently grown increasingly critical of hosting them, with some industry experts arguing the Nordic countries should use their renewable power for products such as green steel that could leave higher surplus value in the countries.