US ambassador sees $40 billion tech investment wave into Portugal by 2031
Portugal is set to attract more than $40 billion in US technology investment by 2031, becoming home to Europe’s largest hub of American AI infrastructure investment, U.S. Ambassador to Portugal John Arrigo said on Tuesday.
At a ceremony marking the successful connection of Google’s new Nuvem transatlantic cable, he urged Europe to follow Portugal’s example and build its digital future with trusted US partners or risk falling behind.
He said Nuvem was “the clearest sign” of a deepening US-Portugal partnership, adding that “more than $40 billion in US tech investment is expected in Portugal by 2031, making it the largest concentration of American AI infrastructure investment in all of Europe.”
