Google to invest record $15 billion in AI infrastructure in the ‘Texas of Europe’
Google to invest record $15 billion in AI infrastructure in the 'Texas of Europe'. Google on Wednesday said it would invest $15. 1 billion into AI infrastructure in Finland, marking the tech giant's largest single investment in Europe.
What happened
Google in November said it would invest $40 billion in Texas through 2027. Image source, Getty ImagesByJessica RawnsleyPublished2 minutes agoGoogle will buy up to half the electricity produced by one of Finland's nuclear power plants as part of a record €13bn (£11bn; $15bn) investment in the country's AI infrastructure, the company announced. "This is Google's largest single investment in Europe and a testament to Finland's leadership in responsibly building AI infrastructure," the company said on Wednesday. Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuKey PointsThe investment marks Google's largest single investment in Europe, the company said.
In this articleFOT-FFFOT-FFMSFTGOOGLNBISMETAFollow your favorite stocksCREATE FREE ACCOUNTGoogle on Wednesday said it would invest at least 13 billion euros ($15. "Google is proud to deepen our roots in Finland with the company's largest single investment in Europe, building on more than 15 years of sustained investment in Finland," Ruth Porat, president and chief investment officer of Alphabet and Google, said in a statement. "This investment underscores Google's commitment to grow our presence responsibly, pairing the expansion of our technical infrastructure with new energy capacity, grid enhancements, and energy affordability initiatives.
The wider picture
"Finland is seeing huge demand for AI infrastructure right now, I've heard it called the 'Texas of Europe' at industry events," Matti Lajunen, partner of real estate at Finnish law firm Hannes Snellman, told CNBC. Google will deploy the capital through 2028, including into data centers and other supporting investments like energy projects, the company said in a statement. Earlier this week, TikTok announced a $1bn investment in Finland to build a new data centre in Kouvola, pointing to the country's "strong digital infrastructure, clean energy mix, robust data governance and skilled tech talent".
The Google investment is expected to support more than 37,000 jobs during construction and boost Finland's GDP by €3. Google said the investments also covered "clean energy projects, and dedicated nature and community funds to support local biodiversity, education, research, and workforce development". "Google is proud to deepen our roots in Finland," said Ruth Porat, president and chief investment officer of Alphabet and Google. Fortum said Google's commitment would support an investment programme aimed at extending the life of the nuclear station and increasing its generating capacity.
Related topicsArtificial intelligenceGoogleFinlandEuropeTikTokMore on this storyAI data centres are booming in Australia – but at what cost?
What has been reported
Published5 days agoGoogle to invest $15bn to build AI data hub in India Published14 October 2025Nvidia revenue doubles on continued AI demand Published26 August Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuKey PointsAdani Enterprises shares rose 5% after its airport unit announced a $1 billion fundraising. 8 billion) through a rights issue as it seeks to invest in capital intensive businesses like its airports venture. 25 billion rupees ($1 billion) from a group of global and domestic investors. The binding agreement with Alpha Wave Global, Premji Invest, Temasek and BlackRock managed funds values Adani Airport Holdings at about $18 billion on a pre-money basis, according to the company statement.
The investment marks an "important milestone" in building out the airports platform, with the company planning to continue investing in infrastructure, city-side developments and non-aeronautical businesses, said Jeet Adani, non-executive director at Adani Airport Holdings. Fortum's stock jumped 11% after Google said it signed a 22-year life extension power purchase agreement with the Finnish energy company. 74 billion) to build a 110-megawatt campus in Finland, with the potential to scale beyond 550 megawatts.
What happens next
In March, Nebius unveiled plans to build one of Europe's largest AI factories in Finland. "Texas has become one of the leading locations for AI data centers globally, with a number of huge projects announced by hyperscalers and AI labs, including Meta, Microsoft and Anthropic. CNBCAlongside Fortum, Google said it would "work to identify new business models to improve the commercial viability of potential new nuclear reactors" at its Loviisa site, a town in Southern Finland.
Finland has also been an attractive location for digital infrastructure supporting social media workloads, with TikTok planning on expanding its data center capacity in the country. "The value of the data economy extends far beyond direct investment into spurring innovation, research, and development," said Finland's Prime Minister Petteri Orpo. "Deepening our collaboration with Google will deliver lasting benefits for both parties. "Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
The report has been compiled by The Daily Waves using information reported across cnbc.com, bbc.co.uk. Details are presented according to the information available at the time of publication and may change as authorities, organisers or other relevant parties provide updates.