French private equity group Ardian backs €5bn AI ‘gigafactory’ outside Paris

Insider Brief PRESS RELEASE — Pure Data Centres Group (Pure DC), one of the fastest-growing hyperscale cloud and AI infrastructure platforms across Europe and the Middle East, has announced it has secured $2.7billion in financing, underscoring strong confidence from leading global financial institutions in the company’s leadership, differentiated strategy, premier customer base and accelerating growth trajectory. The […]

The project could bolster Europe's tech independence, enhance its AI capabilities, and drive significant economic and environmental impacts. The post Ardian backs €10B AI gigafactory project outside Paris as Europe races to close gap with US and China appeared first on Crypto Briefing.

Europe's reliance on dollar-pegged stablecoins could undermine its economic sovereignty, necessitating a robust euro-denominated alternative. The post Animoca Brands’ Yat Siu warns Europe about dollar dominance through stablecoins appeared first on Crypto Briefing.

Leader of data centre unit says company aims to release a new graphics processing unit as shares rally more than 200% this year

Leader of data centre unit says company aiming to release ‘inference’ GPU as shares rally more than 200% this year

Insider Brief SoftBank Group plans to invest up to €75 billion to build 5 gigawatts of AI data center capacity in France, marking the company’s largest AI infrastructure commitment in Europe and one of the largest announced AI infrastructure projects on the continent. According to Softbank, the first phase includes a €45 billion investment to […]

The post SoftBank Bets Up to €75 Billion on France in Massive AI Data Center Push appeared on BitcoinEthereumNews.com. SoftBank is going to invest a massive amount of money to construct data centers in France. SoftBank Group is making a huge move in AI infrastructure in Europe, with plans to develop and operate a whopping 5 gigawatts of AI data center capacity in France. The investment, which could reach up to 75 billion euros, is intended to meet surging demand for high-performance computing and position the country as a major European hub for artificial intelligence infrastructure. According to an official release, the first phase of the project will include an initial €45 billion investment. It should deliver 3.1 GW of AI data center capacity in the Hauts-de-France region by the year 2031. The facilities are planned for Bosquel, Bouchain, and Dunkirk, with SoftBank also eyeing additional sites across the country. The announcement was made at the Choose France summit, hosted by Pre

SoftBank is going to invest a massive amount of money to construct data centers in France.