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SoftBank says it will invest up to €75B to build French data centers

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Why This Matters

SoftBank's substantial €75 billion investment in French data centers marks a significant push to expand AI infrastructure in Europe, aligning with France's ambitions to become a leader in the AI industry. This move highlights the increasing importance of data centers in supporting AI development and digital transformation, despite ongoing environmental debates. For consumers and the tech industry, it signals a robust commitment to AI growth and digital infrastructure in Europe, potentially leading to enhanced services and innovation.

Key Takeaways

In Brief

SoftBank Group announced today that it plans to spend up to €75 billion (around $87 billion) to expand data center capacity in France.

The goal, the firm said, is to develop and operate up to 5 gigawatts of additional data center capacity. The first phase of the plan involves building data centers in Dunkirk (Loon-Plage), Bosquel, and Bouchain to deliver 3.1 gigawatts of capacity to the Hauts-de-France region by 2031.

SoftBank, which is both an investor in and customer of OpenAI, says this will be its largest AI infrastructure investment in Europe.

In a statement, French economic minister Roland Lescure described the announcement as a “testament to President Emmanuel Macron’s ambition to position France as a leading destination all along the AI value chain.”

In the United States, opposition to data center construction is heating up over environmental concerns, as well as questions about how data centers affect the electrical grid and utility prices. Nonetheless, SoftBank earlier announced plans to build a data center in Ohio, powered by a new 9.2 gigawatt natural gas plant.