Google Unveils $6.4 Bn Investment In Germany [Barron's]
DEUTSCHE TELEKOM AG S/ADR (DTEGY)
NASDAQ:AMEX Investor Relations:
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Source: Barrons
It comes after AI chip juggernaut Nvidia and Deutsche Telekom last week announced plans for a high-tech hub in Germany aimed at helping industry speed up adoption of artificial intelligence. Advertisement - Scroll to Continue The cash injections are a boost for Germany, whose economy is struggling, as well as Europe as it seeks to catch up with AI leaders the United States and China. "We are driving growth in Germany," Chancellor Friedrich Merz said as Google announced the investments, which are to be made by 2029. "Our country is and will remain one of the most attractive places for investment in the world," he said. Google's plans include a new data centre and expansion of an existing centre in the western state of Hesse, providing computing power for artificial intelligence. Advertisement - Scroll to Continue It also plans to expand its offices in Berlin, Frankfurt and Munich, and outlined various projects aimed at reducing its greenhouse gas emissions. These inclu
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