00:00Google is betting big on Finland for its next wave of AI infrastructure.
00:04The tech giant just announced its largest single investment in Europe,
00:08pledging at least 13 billion euros to support its AI expansion in Finland over the next two years.
00:15And Google isn't the only tech company betting on the country.
00:18Finland has quickly become one of Europe's fastest growing AI markets
00:22due to its cool climate, low carbon energy, and grid access.
00:26And tech companies like Microsoft and TikTok are already committing billions into data center development.
00:32In April, TikTok announced its second billion euro data center investment in Finland.
00:37And Microsoft signed a preliminary agreement to acquire nearly 200 hectares of land for potential data center development.
00:45But Google isn't just building data centers.
00:47The company signed an agreement with Finnish utility Fordham to explore using nuclear power
00:52as a clean energy source to power data center investment.
00:56Google estimates 10% of Finland's electricity supply will remain online
01:00and avoid price increases for grid users due to this agreement.
01:04And the tech company already operates a major data center in Hamina,
01:08where it converted a former paper mill into a facility that uses seawater from the Gulf of Finland for cooling.
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