Three major studies expose a widening gap between AI investment and business impact across Denmark, Finland, Norway and Sweden, raising questions about whether the region risks inflating an AI value bubble.
A first-of-its-kind study commissioned by CSC – IT Center for Science found that Finnish companies using high-performance computing services, including the LUMI supercomputer, achieved returns of 11 to 20 times their investment, as business use of the infrastructure doubles year on year.
The Amsterdam-based AI infrastructure firm, rebuilt from the remnants of Russia’s Yandex, has announced its largest European project as it races to deploy more than 3 gigawatts of computing capacity by the end of 2026. Nebius plans €8.5 billion data Centre in Lappeenranta, Finland.
London-based Nscale, which raised $2 billion in Series C funding last month, has announced plans to build a data centre in Harjavalta as part of an expanding Finnish footprint — though capacity figures and a construction timeline have yet to be determined.
