SoftBank Bets Up to €75 Billion on France in Massive AI Data Center Push
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 President Emmanuel Macron. The firm said the investment will expand access to computing power for AI companies, enterprises, cloud providers, public institutions, as well as for research organizations.
Speaking on the Matter, Masayoshi Son, Chairman and CEO of SoftBank, said:
AI is entering a new era, and the countries that build the infrastructure for this transformation will shape the future of technology, industry and society,” said Masayoshi Son. “SoftBank is proud to make this major commitment to France. With its industrial capabilities, talent base and national ambition, France is uniquely positioned to become a leading AI infrastructure hub in Europe.
The move highlights the growing demand for computing power, while SoftBank also vows to create thousands of high-skilled jobs across engineering, data center development, robotics, operations, maintenance, advanced manufacturing, and more.
You may also like:
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
To deliver computing power, Oracle uses trucks to transport natural gas to power its data centers
To address pipeline delays in AI data center construction, Oracle has adopted an unconventional energy supply method by transporting compressed natural gas via trucks, which has already been implemented in Utah and Texas, and is also being considered for the "Project Jupiter" in New Mexico. However, this solution costs four times as much as pipeline natural gas and is limited in scale, covering only a small fraction of the project's total capacity.
Aptos insider vesting ends, cutting APT unlocks by 60%
US Treasury yields soar to a 24-year high; US Treasury advisors expect future declines as AI investments and energy shocks drive up borrowing costs
David Zervos, senior advisor to U.S. Treasury Secretary Yellen and a veteran Wall Street professional, stated on Thursday that despite the recent surge in U.S. Treasury yields to their highest levels in decades, the current real yields are significantly elevated compared to historical levels, suggesting room for a decline in the future.
St. Louis Fed President: Further rate hikes needed over the next 6 to 9 months; inflation remains the top issue for the US economy
St. Louis Federal Reserve President Musalem said on Thursday that the Federal Reserve still needs to raise interest rates further in order to bring U.S. inflation back to the 2% target in a timely manner.
