Reported about 12 hours ago
Swedish digital infrastructure provider EcoDataCenter has secured €600 million from Deutsche Bank to expand its AI data centers in response to rising demand for high-performance computing. This funding will accelerate the construction of new facilities in Falun and Borlange designed for AI workloads. CEO Peter Michelson indicated that while this funding provides a two-year runway, the company anticipates further expansion as demand continues to increase. Sweden has become a key destination for data center investments, attracting major tech firms due to reliable power and connectivity.
Source: YAHOO