Translated using ChatGPT service.
On October 8, Minister of Economics Viktors Valainis held a remote meeting with Finland’s Minister for Economic Affairs, Sakari Puisto, during which they discussed the possibility for both countries to jointly submit a project for the European joint undertaking “EuroHPC” support competition to build an artificial intelligence (AI) gigafactory in Latvia.
The Finnish technology company DataCrunch Oy, in collaboration with major Latvian information and communication technology companies and international investors, has submitted a conceptual proposal to the European Commission for establishing an AI gigafactory in Latvia. Latvia has also submitted another project to the competition, and Finland has submitted two projects. Various collaboration options are currently being considered for further participation in the competition. In total, the AI gigafactory initiative received 76 expressions of interest from 16 EU member states in 2025, demonstrating strong interest across countries.
“In the context of technological development, artificial intelligence is becoming one of the key factors for national competitiveness and work efficiency. The desire to create modern infrastructure in this field demonstrates countries’ commitment to actively participate in global technology development. To increase the chances of a project involving our country being supported, Latvia and Finland could jointly advance a single project for further competition. The AI gigafactory would be a significant contribution to Latvia’s digital infrastructure development and a tool to promote innovation, new technology development, and the ability to attract high value-added investments across the Baltic region,” emphasized Minister of Economics Viktors Valainis.
The European Joint Undertaking EuroHPC (European High-Performance Computing Joint Undertaking) brings together EU member states and private partners to develop world-class supercomputing infrastructure in Europe. Its goal is to establish the EU’s first large-scale AI gigafactories, providing more than 100,000 AI accelerators capable of training models with hundreds of trillions of parameters, creating a strong, secure, and sustainable computing environment serving science, industry, and society. EuroHPC has launched a support competition for member states and consortia to apply for funding to establish or develop supercomputers, AI factories, or quantum computing infrastructure. Applications are open until the end of 2025, and projects must be completed by 2029.
Latvia and Finland could jointly submit the project developed by DataCrunch Oy and its Latvian partners, creating a consortium between Latvia and Finland to establish a Europe-scale AI infrastructure. The creation of a large-scale AI data park is a strategic project aligned with EU and Latvia’s digital development priorities. Its goal is to establish an AI computing platform powered by renewable (green) energy.
The consortium could potentially expand to include Denmark, and other countries such as Lithuania, Estonia, Belgium, and the Netherlands may later join, forming a broad European AI infrastructure network with high collaboration potential.
DataCrunch Oy is a cloud services company with experience in AI infrastructure. For over five years, it has provided GPU cloud resources to clients requiring high computing power and currently operates data centers in Finland and Iceland.
The project involves more than 30 organizations from Latvia. By implementing this project, Latvia will not only contribute to the development of European AI capabilities but also support national economic diversification, export potential, and employment growth.