Paris-based Data4 plans to invest in Greece to develop a major AI data center hub outside of Athens, signaling a boost to the country’s digital infrastructure and economy.
Greece continues to slowly push its way into the burgeoning artificial intelligence scene in Europe, announcing new plans to build a data center in the country.
On Sept. 12, the Paris-based company Data4 said it plans to invest nearly 300 million euros ($331 million) in developing a new data center hub in Paiania, an area just outside the Greek capital, Athens.
Bloomberg reported that Olivier Micheli, the CEO of Data4, said the firm is currently in negotiations with existing lenders and local Greek banks to fund the project. Micheli said that the new site would be a “significant contribution to the local economy and digital ecosystem.”
