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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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.
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.
