Finland backs Nokia-led plan for AI gigafactory

The European Commission’s InvestAI initiative is targeting 200 billion euros’ worth of investments in AI and high-performance computing (HPC), including a huge push for AI infrastructure. The petascale supercomputer Lumi is partly funded by the Union’s EuroHPC Joint undertaking.

I was just reading about this yesterday, the different types of funding government can do to guide deployment.

“Now is the right time to influence the development of the European artificial intelligence infrastructure,” she said in a statement last month.

The government bills Finland as "an ideal location for an AI gigafactory, largely due to clean energy grids and land availability".

I wonder how much new electricity is coming up in Finland, so that there is no impact on electricity prices for normal consumers because of all these data centres that are coming up.