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Investing.com -- Nvidia Corp. and Deutsche Telekom AG are planning to build a €1 billion ($1.2 billion) data center in Germany as part of a broader initiative to expand AI infrastructure across Europe.
Both companies will jointly fund the project, according to a report from Bloomberg News, citing people familiar with the plans. SAP SE, Europe’s largest software company, will be a customer of the new facility.
The announcement is expected to take place at an event in Berlin next month. Deutsche Telekom CEO Tim Höttges, Nvidia CEO Jensen Huang, SAP CEO Christian Klein, and German digital minister Karsten Wildberger are scheduled to attend the event.
This investment represents a significant expansion of AI computing capabilities in Europe, with two major technology companies collaborating to develop infrastructure for artificial intelligence systems.
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