Google to Invest Record $15 Billion in AI Infrastructure in Finland

The investment is intended to expand Google's technical infrastructure in Finland, where the company has operated for more than 15 years. The report says Finland has emerged as a major data-center hub because it offers available land and power. Matti Lajunen, a partner for real estate at Finnish law firm Hannes Snellman, told CNBC that the country's profile has drawn growing industry interest. "I've heard it called the 'Texas of Europe' at industry events," Lajunen said. "What we're now seeing is weekly new inquiries for market entry into Finland from new players."

The 22-year power agreement with Fortum is part of the project's energy arrangements. Google said it will explore business models that could support new nuclear reactors at Fortum's Loviisa site, according to Slashdot. The announcement linked the infrastructure expansion to new energy capacity, grid enhancements and energy affordability initiatives.

Ruth Porat, president and chief investment officer of Alphabet and Google, said in a statement: "Google is proud to deepen our roots in Finland with the company's largest single investment in Europe, building on more than 15 years of sustained investment in Finland. This investment underscores Google's commitment to grow our presence responsibly, pairing the expansion of our technical infrastructure with new energy capacity, grid enhancements, and energy affordability initiatives."

The planned $15 billion commitment is Google's largest single investment in Europe, according to the report. Finland has emerged as a major data-center hub thanks to its available land and power, the report said, with industry figures describing rising interest from new market entrants. The Fortum agreement adds a long-term power supply arrangement to the planned AI infrastructure.