Europe raises 8 million to build sovereign AI infrastructure with Nvidias B300 GPUs

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8 days · 11 summary articles
TensorX, the Irish AI infrastructure startup, has raised €8 million to expand its sovereign inference platform using Nvidia’s latest B300 GPUs, marking a significant step toward keeping European data processing within EU borders. The funding, announced on 23 June 2026, will enable TensorX to scale its GDPR-compliant AI services for sectors such as banking, healthcare, and legal services that cannot legally transfer data abroad .
The move underscores Europe’s growing urgency to reduce reliance on non-EU cloud providers amid escalating geopolitical tensions and regulatory scrutiny. TensorX’s platform, designed to process sensitive data locally, aligns with the EU’s push for digital sovereignty—a priority reinforced by the bloc’s expanding investigations into tech giants like Meta. On the same day, the European Union broadened its probe into Meta over concerns about addictive design features on Facebook and Instagram, signaling stricter enforcement of the Digital Services Act .
Meanwhile, SoftBank founder Masayoshi Son dismissed Elon Musk’s vision of orbital data centers, arguing that the future of AI will be decided by compute power on Earth. Speaking to shareholders on 23 June 2026, Son predicted that space-based infrastructure would play a marginal role in the AI race, favoring terrestrial solutions .
In the Baltics, infrastructure projects are accelerating digital and economic integration. Pro Kapital, one of the region’s largest developers, broke ground on a €23 million premium residential project in Riga’s Klīversala district, embedding a time capsule to mark the occasion . Bentley Systems, a global leader in infrastructure software, also announced a major expansion in Vilnius, reinforcing the city’s role as a tech hub .
The EU’s digital ambitions extend to currency, with policymakers pushing for a new digital euro to reduce dependence on US tech giants. The European Parliament’s Committee on Economic and Monetary Affairs emphasized the digital euro’s potential to offer secure, private payments while curbing reliance on non-EU payment providers .
As Europe navigates the dual challenges of technological sovereignty and regulatory oversight, today’s developments—from AI infrastructure to digital finance—highlight the bloc’s strategic pivot toward self-reliance in an era of rapid technological change.
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