# Nebius to Invest in New Data Center in Paris
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Published: 2024-10-08T00:00:00.000Z
Category: Technology

Nebius has announced plans to invest in a new data center in Paris as part of its $1 billion European investment plan. 

#### What’s happening:

- Nebius, formerly Yandex N.V., is investing over $1 billion to build its AI infrastructure across Europe. 
- Part of this investment will cover establishing an advanced AI data center in Paris with cutting-edge technology and cloud services. This is part of its European expansion strategy.

#### Why it matters:

- It aligns with Nebius' goal of establishing a strong presence in Europe. The Paris data center will strengthen Nebius’ footprint in the region thus helping it carve out its space in an increasingly competitive market. 
- The new data center will feature GPU clusters equipped with NVIDIA H200 Tensor Core GPUs further strengthening the region’s technological infrastructure.
- This move highlights the growing importance of AI and high-performance computing in global tech strategies.

#### Competitors in the public market:

- Nebius will face strong competition from publicly traded companies in the cloud and AI space like Amazon Web Services (AWS), a subsidiary of Amazon (AMZN), Google Cloud (GOOGL) and Microsoft Azure (MSFT). These companies are already well-established in the region and have large market shares.

#### Future impact:

- Establishing the data center in Paris is a positive development toward Nebius’ goal of becoming a leading global AI infrastructure company. It also supports Nebius' role as a key player in Europe's tech landscape.

#### What's next:

- Nebius aims to continue its European expansion by expanding Europe's AI capacity and building more data centers.
- It plans to be among the first to introduce Nvidia’s Blackwell platform to customers in 2025.
- AI has been dominated by US companies thus far, and this infrastructure could help support the European AI startup ecosystem. The company seeks to establish itself as a leading global AI infrastructure provider.

Source: The Money Game (https://themoneygame.zeabur.app/stories/nebius-to-invest-in-new-data-center-in-paris)