Solstice and TensorX Secure $1B for EU AI Compute Infrastructure
A partnership between Solstice and TensorX aims to allocate up to $1 billion for AI hardware and data center expansion in Europe. This initiative responds to the growing demand for sovereign AI capabilities that comply with EU regulations.
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Solstice and TensorX have announced a partnership to establish a financing facility with a capacity of up to $1 billion for AI hardware and data center expansion in the EU. The initiative is designed to meet the rising demand for locally hosted AI services, particularly under the constraints of GDPR and the EU AI Act.
Solstice will manage the onchain financing while TensorX will utilize its fleet of NVIDIA GPUs to provide AI services. The new aiUSX asset will allow companies to earn returns on idle capital reserved for AI, with an initial cap of $5 million. This convergence of digital finance and AI infrastructure could reshape funding dynamics in Europe, although risks include hardware depreciation and regulatory challenges.
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