US chipmaker Cerebras, an artificial intelligence semiconductor company that competes with Nvidia, said on Thursday it will invest "several billion dollars" in Europe to expand the computing capacity of its AI data centres across the continent.
The investment comes as European governments and companies race to build domestic AI infrastructure and reduce dependence on foreign cloud providers and computing resources.
Access to high-performance AI chips and data centres has become a key bottleneck in developing and deploying advanced AI models.
"This is a massive expansion" to meet the "rapidly growing" needs of European customers, Chief Executive Andrew Feldman told AFP in an interview on the sidelines of an artificial intelligence conference in Paris.
Founded in 2015, California-based Cerebras develops specialised AI processors designed to train and run large language models and other advanced AI systems.
The company has positioned itself as a challenger to Nvidia by offering large-scale AI computing systems built around its proprietary wafer-scale chips.
Cerebras currently operates three AI data centres in France, Finland and Norway. The facilities are set to be expanded to a combined computing capacity of 200 megawatts by 2027.
