UK-based NexGen Cloud, a sustainable Infrastructure-as-a-Service provider and an elite member of the NVIDIA Partner Network, announced on Wednesday that it plans to invest $1B (approximately €947.32M) to build one of Europe’s first AI Supercloud deployments.
The firm has already committed $576M to hardware orders with suppliers. This investment aims to support the development and growth of AI enterprises in Europe.
Enhancing the AI ecosystem in Europe
NexGen Cloud’s AI Supercloud in Europe is designed to offer a dedicated, high-performance computing platform for technology companies, organisations, and governments.
Its key purpose is to facilitate the execution of resource-intensive AI applications and research, while adhering to European jurisdiction and privacy laws.