German consortium in talks to build AI data centre, Handelsblatt reports
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 27 2025
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Should l Buy ?
Source: Reuters
AI Data Centre Initiative: SAP, Deutsche Telekom, Ionos, and Schwarz are collaborating to secure EU support for building a large AI data processing centre as part of the EU's plan to establish five AI gigafactories, with a funding commitment of $20 billion.
Challenges and Deadlines: The project faces challenges such as sourcing chips and finding suitable locations, with an initial expression of interest deadline set for June 20.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
