French private equity firm Ardian is funding a new AI data centre and research campus outside Paris in a deal worth up to €5bn, as investment groups rush to back European digital infrastructure projects.
Ardian told the FT it would build one of the continent’s biggest AI “gigafactories” alongside its data centre group Verne, with around one-third of the total investment being equity and the remainder funded by debt.
Mathias Burghardt, chief executive of Ardian France, told the FT it was a “crucial time for Europe to build its digital backbone for the future” as its “AI compute capacity is significantly lower than its share of the world economy.
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