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A decade ago data centres were an emerging asset class and approached by investors with considerable trepidation. Today, they have passed the COVID19 resilience test with distinction and these “digital factories” are becoming a magnet for investment funds
Chinese technology group Tencent Holdings has announced plans to invest $70bn upping its capabilities in cloud computing, AI, blockchain, IoT and quantum computing over the next five years.
As part of the investment, announced on WeChat this week, Tencent said it will spend billions building hyperscale data centres, supercomputers and sprawling 5G networks.
North American wholesale data centre provider Vantage Data Centers is launching itself into Europe with the acquisition of Etix Everywhere and $800 million in new funding.
Luxembourg-based Etix owns a sizable European data centre portfolio including a 55MW hyperscale campus currently under development in Germany. The two companies have not disclosed the financial terms of the deal.
The UK created eight unicorns in 2019 – companies worth more than one billion US dollars – as investment into the tech sector hit new record highs, research has found. Investment in UK tech hit 13.2 billion dollars (£10.1 billion) last year, with the speed of growth faster than both the US and China and outstripping fundraisers in France and Germany.
Investment into UK artificial intelligence companies reached record levels in the first six months of this year, sealing a record year for funding and the UK’s position as a top-three country for AI investment.
Tech Nation compiled the statistics to compare the UK’s performance with other countries worldwide, to coincide with the launch of its new Applied AI growth programme.