Argentum AI has signed a deal worth around $2.5 billion with cloud gaming firm Boosteroid and real estate company DL Invest Group for a 300-megawatt data center in Europe, the artificial intelligence infrastructure provider told Reuters on Friday. Under the deal, Argentum said it will deploy graphics processing unit infrastructure in a data center, with the company expected to use tens of thousands of next-generation GPUs, including Nvidia's Blackwell systems in the future. The deal will be one of the largest independent AI infrastructure projects in the region. It comes as the tech industry rushes to secure compute capacity to meet soaring demand, leading to the emergence of independent infrastructure providers such as Argentum.
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Argentum AI signs $2.5 billion data center deal with cloud, real estate firms
Reuters6d agoneutral
Nvidia, retailer reports to shed light on AI boom, consumer spendingBy Lewis Krauskopf NEW YORK, May 15 (Reuters) - Two themes critical to the U.S. stock market -- the artificial intelligence boom and inflation-pressured consumer spending -- will come under the
