Google plans to make its largest investment in Europe to build artificial intelligence infrastructure worth at least 13 billion euros in Finland. The company said in a statement on Wednesday that the next two years of investment will include building at least three new data centers and expanding its existing data center in the southeastern city of Hamina. “Google is honored to further deepen our presence in Finland through the company's largest single investment in Europe,” Chief Investment Officer Ruth Porat said in a statement. This move is part of Alphabet's efforts to accelerate the expansion of AI computing power. The Silicon Valley giant raised its capital expenditure forecast for this year to as much as $205 billion in July to compete with competitors for dominance in the AI field.

Google plans to make its largest investment in Europe to build artificial intelligence infrastructure worth at least 13 billion euros in Finland. The company said in a statement on Wednesday that the next two years of investment will include building at least three new data centers and expanding its existing data center in the southeastern city of Hamina. “Google is honored to further deepen our presence in Finland through the company's largest single investment in Europe,” Chief Investment Officer Ruth Porat said in a statement. This move is part of Alphabet's efforts to accelerate the expansion of AI computing power. The Silicon Valley giant raised its capital expenditure forecast for this year to as much as $205 billion in July to compete with competitors for dominance in the AI field.