(Bloomberg) — Google mentioned it plans to speculate €5.5 billion ($6.4 billion) into computing assets and operations in Germany over the subsequent 4 years, becoming a member of a wave of spending pledges from know-how firms in latest months.
The web big made the announcement on Tuesday in Berlin at an occasion with German federal ministers. The deliberate funding contains two knowledge facilities within the Frankfurt area, though Google didn’t specify the dimensions of the services.
European international locations are pushing to prioritize knowledge facilities, as leaders on the continent concern being left additional behind on know-how and synthetic intelligence. The European Fee has referred to as for firms to develop so-called gigafactories – knowledge facilities able to coaching and sustaining complicated AI fashions.
Final week, Nvidia Corp. and Deutsche Telekom introduced plans to construct a €1 billion knowledge heart in Munich, which is about to open in early 2026. Microsoft Company mentioned earlier on Tuesday that it could commit $10 billion to a knowledge heart hub in Portugal.
In an announcement, Google described its German spending pledge as a part of a “continued dedication to Europe.” For years, the corporate has needed to fend off complaints and regulatory motion within the area over privateness, antitrust and copyright considerations.
In September, Google introduced plans to spend £5 billion ($6.8 billion) within the UK over the subsequent two years. The German pledge contains the growth of three Google workplaces.
Globally, Google dad or mum Alphabet expects capital expenditure to be as excessive as $93 billion in 2025.