$GOOG (Alphabet) 𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐬 𝐭𝐡𝐞 𝐞𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧. 𝐍𝐨𝐰 𝐢𝐧 𝐆𝐞𝐫𝐦𝐚𝐧𝐲.
Google unveiled its biggest-ever investment in Germany on Tuesday, pledging 5.5 billion euros (6,4billion USD) for a new data centre and other projects, as Europe seeks to catch up in the AI race.
"We are driving growth in Germany," Chancellor Friedrich Merz said as Google announced the investments, which are to be made by 2029.
"Google is deepening its roots in Germany, extending our investments in the country and creating new avenues for AI-driven transformation," said Philipp Justus, Google's country manager for Germany.
I am happy to see how Google is deploying its capital even if the AI race seems to be a kind of “fomo”. The good part is that even if this is a huge investment, for Google is another bet out of many others. They still afford these.
Source:
Yahoo finance
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