Alibaba Group is accelerating its overseas data centre expansion with plans to launch facilities in Turkey, Finland and the Netherlands over the next 12 months. The Chinese tech giant is targeting more than 20 gigawatts of global data centre capacity by 2032 as it competes with Amazon and Alphabet in markets beyond Asia.
Smart ring maker Oura has launched its U.S. initial public offering targeting a valuation of up to $15.62 billion, but the company will receive little to none of the $2.2 billion raised as existing investors sell their shares. The Finnish health and fitness wearables company is offering 50 million shares priced between $40 and $44 each.
Alphabet's Google announced a €13 billion ($15.1 billion) investment to build AI infrastructure in Finland, marking the tech giant's largest single investment in Europe. The investment will include data centers and supporting infrastructure.
The European Union has awarded French state-owned company Bull a €387.8 million ($449.4 million) contract to build LUMI-AI, a new AI-focused supercomputer to be located in Kajaani, northern Finland. This is Bull's largest-ever order as Europe seeks to expand computing capacity and close the gap with the United States and China.
Nikita and Olga Belov, a Russian family who engaged in pro-Ukrainian activism, have been repeatedly denied asylum in Finland and now face deportation despite concerns they could face arrest, imprisonment, or torture upon return to Russia.
Finland's parliament voted 125 to 61 to lift a decades-old ban on nuclear weapons on its territory, marking a major defense policy shift for the Nordic nation that shares an 830-mile border with Russia. The move represents a significant step in Finland's integration with NATO following its recent membership.
