SoftBank Group Investing €75B to Build 5 GW of AI Data Center Capacity in France

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.

Data centre and research facility to be built as Europe seeks to create ‘digital backbone for the future’

French President Emmanuel Macron hosts his annual "Choose France" investment summit on Monday with foreign investors already pledging billions of dollars of capital for AI and data projects. The conference could also see announcements on rare earth investments in France.

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.

France's aggressive naval actions highlight escalating geopolitical tensions and potential shifts in global trade enforcement strategies. The post France boards oil tanker Tagor linked to Russian shadow fleet in Atlantic appeared first on Crypto Briefing.

AI's impact on jobs hinges on adaptation, potentially expanding employment opportunities and driving demand for AI infrastructure investment. The post Nvidia’s Jensen Huang calls AI job concerns ‘complete nonsense’ appeared first on Crypto Briefing.

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.