Translated using ChatGPT service.
The Finnish technology company DataCrunch Oy, in cooperation with the Republic of Latvia and international investors, has submitted a conceptual proposal to the European Commission for the establishment of an artificial intelligence (AI) megafactory in Latvia. This proposal supports the European Union’s strategic goal of strengthening Europe’s AI capabilities.
The planned AI data center will promote the development of secure and energy-efficient computing infrastructure necessary for implementing AI solutions across Europe. The project will be carried out in line with Latvia’s long-term priorities in digital innovation, economic growth, and technological development.
“The creation of such infrastructure demonstrates that Latvia is a reliable partner in the development of strategically important technologies. Projects like this foster the growth of the digital economy and increase Latvia’s attractiveness for high-value investment,” says Ieva Jāgere, Director of the Investment and Development Agency of Latvia (LIAA).
A Strategic Initiative for Europe and Latvia
The establishment of a large-scale AI data park is a strategic project aligned with both EU and Latvia’s digital development priorities. Its goal is to create an AI computing platform that operates 100% on renewable energy.
Within the framework of this initiative, it is planned to:
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Create up to 300 highly qualified jobs, promoting regional development through investments in data centers and connectivity infrastructure;
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Provide significant digital resources for startups, small and medium-sized enterprises, as well as research institutions in Latvia and across the EU;
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Strengthen Latvia’s export potential in AI services while increasing Europe’s ability to compete in the global AI innovation market.
“This project is an opportunity to position Latvia as an important hub within the European AI ecosystem. The AI data park will help develop Latvia’s digital infrastructure, promote innovation, and ensure that the European AI sector has the necessary infrastructure for its growth,” emphasizes Raivis Bremšmits, Acting State Secretary at the Ministry of Economics.