Latest news with #VeijoTerho
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First Post
01-05-2025
- Business
- First Post
Cheaper, cleaner electricity draws TikTok to Finland for new data centre amid data privacy complaints
The announcement of a new data centre in Finland comes at a time when Europe has been sceptical about TikTok sharing data of European users to the Chinese government read more A general view of the offices of TikTok, as the site faces an April 5 deadline to reach a deal to find a non-Chinese buyer under threat of being banned from the United States, in Culver City, California, US, April 2, 2025. File Image/Reuters TikTok has announced the creation of a data centre in Finland, as the video-sharing platform plans to migrate data storage to Europe exclusively for users living in the continent. The development was told to Reuters by a spokesperson of the company, who said that TikTok will invest 1 billion euros in the project. This comes at a time when Europe has been sceptical about TikTok sharing data of European users to the Chinese government. STORY CONTINUES BELOW THIS AD In 2023, it launched a new data security regime, nicknamed 'Project Clover,' with plans to invest 12 billion euros over 10 years amid growing pressure from lawmakers on both sides of the Atlantic. However, measures like these have not been proven enough for lawmakers in several countries, the European Parliament or the European Commission, many of whom have banned TikTok from official devices due to privacy concerns. TikTok has called the bans misguided, based on fundamental misconceptions. On its website, TikTok says European user data is stored in a dedicated European data enclave, hosted across data centres in Norway, Ireland, and the US. 'Project Clover' in Norway was TikTok's flagship data centre, which went fully operational in April. The company, which has over 175 million users in Europe, plans to announce more data centres in the coming years, sources said. Nordic countries have become attractive destinations for data centres for technology companies ranging from Microsoft to Meta as the colder temperatures reduce energy costs, alongside the availability of cheap, emission-free electricity. More than 20 new data centres are being planned in Finland, amounting to some 13 billion euros in value and 1.3 gigawatts in capacity, Veijo Terho, chairman of the Finnish Data Centre Association, said. STORY CONTINUES BELOW THIS AD With inputs from Reuters
Time of India
30-04-2025
- Business
- Time of India
TikTok plans to build 1 billion euro data centre in Finland, spokesman confirms
TikTok plans to invest 1 billion euros ($1.14 billion) to build its first data centre in Finland as it moves data storage for European users to the continent, a TikTok spokesman confirmed on Wednesday. #Pahalgam Terrorist Attack A Chinese shadow falls on Pahalgam terror attack case probe How India can use water to pressure Pakistan Buzzkill: How India can dissolve the Pakistan problem, not just swat it The spokesman declined to give further details as he confirmed the plan revealed to Reuters by two sources familiar with the matter. Finland's Prime Minister's office did not immediately respond to a request for comment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2 Simple Profitable Strategies That Can Make You 5K Per Day thefutureuniversity Learn More TikTok, owned by China-headquartered Bytedance, has been trying to address concerns over whether the Chinese government could access the data of European citizens who use TikTok. In 2023, it launched a new data security regime, nicknamed "Project Clover," with plans to invest 12 billion euros over 10 years amid growing pressure from lawmakers on both sides of the Atlantic. Live Events Several countries, the European Parliament, European Commission and others have banned TikTok from staff phones due to privacy concerns, while the U.S. government has threatened to ban the app in the U.S. on national security grounds unless the company's U.S. assets are divested. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories TikTok has called the bans misguided, based on fundamental misconceptions. On its website TikTok says European user data is stored in a dedicated European data enclave, hosted across data centres in Norway, Ireland, and the U.S. Under Project Clover, TikTok's first data centre in Norway went fully online this month after work started in 2023. TikTok, which has over 175 million users in Europe, plans to announce more data centres in the coming years, sources said. Nordic countries have become attractive destinations for data centres for technology companies ranging from Microsoft to Meta as the colder temperatures reduce energy costs, alongside availability of cheap, emission-free electricity. "Finland is definitely one of the places where we're continuing to build out our infrastructure," Microsoft President Brad Smith said on Wednesday in Brussels. "First we have a lot of access to carbon free energy, and second, it's got good connectivity, so we are able to serve much of Europe from Finland," he said. More than 20 new data centres are being planned in Finland, amounting to some 13 billion euros in value and 1.3 gigawatts in capacity, Veijo Terho, chairman of the Finnish Data Centre Association said.
Business Recorder
30-04-2025
- Business
- Business Recorder
TikTok plans to build 1 billion euro data centre in Finland, spokesman confirms
STOCKHOLM/HELSINKI: TikTok plans to invest 1 billion euros ($1.14 billion) to build its first data centre in Finland as it moves data storage for European users to the continent, a TikTok spokesman confirmed on Wednesday. The spokesman declined to give further details as he confirmed the plan revealed to Reuters by two sources familiar with the matter. Finland's Prime Minister's office did not immediately respond to a request for comment. TikTok, owned by China-headquartered Bytedance, has been trying to address concerns over whether the Chinese government could access the data of European citizens who use TikTok. In 2023, it launched a new data security regime, nicknamed 'Project Clover,' with plans to invest 12 billion euros over 10 years amid growing pressure from lawmakers on both sides of the Atlantic. Several countries, the European Parliament, European Commission and others have banned TikTok from staff phones due to privacy concerns, while the U.S. government has threatened to ban the app in the U.S. on national security grounds unless the company's U.S. assets are divested. Amazon bids to buy TikTok as deadline looms TikTok has called the bans misguided, based on fundamental misconceptions. On its website TikTok says European user data is stored in a dedicated European data enclave, hosted across data centres in Norway, Ireland, and the U.S. Under Project Clover, TikTok's first data centre in Norway went fully online this month after work started in 2023. TikTok, which has over 175 million users in Europe, plans to announce more data centres in the coming years, sources said. Nordic countries have become attractive destinations for data centres for technology companies ranging from Microsoft to Meta as the colder temperatures reduce energy costs, alongside availability of cheap, emission-free electricity. 'Finland is definitely one of the places where we're continuing to build out our infrastructure,' Microsoft President Brad Smith said on Wednesday in Brussels. 'First we have a lot of access to carbon free energy, and second, it's got good connectivity, so we are able to serve much of Europe from Finland,' he said. More than 20 new data centres are being planned in Finland, amounting to some 13 billion euros in value and 1.3 gigawatts in capacity, Veijo Terho, chairman of the Finnish Data Centre Association said.
Business Times
30-04-2025
- Business
- Business Times
TikTok plans to build 1b euro data centre in Finland
[HELSINKI] TikTok plans to invest 1 billion euros (S$1.48 billion) to build its first data centre in Finland as it moves data storage for European users to the continent, a TikTok spokesman confirmed on Wednesday (Apr 30). The spokesman declined to give further details as he confirmed the plan revealed to Reuters by two sources familiar with the matter. Finland's Prime Minister's office did not immediately respond to a request for comment. TikTok, owned by China-headquartered Bytedance, has been trying to address concerns over whether the Chinese government could access the data of European citizens who use TikTok. In 2023, it launched a new data security regime, nicknamed 'Project Clover,' with plans to invest 12 billion euros over 10 years amid growing pressure from lawmakers on both sides of the Atlantic. Several countries, the European Parliament, European Commission and others have banned TikTok from staff phones due to privacy concerns, while the US government has threatened to ban the app in the US on national security grounds unless the company's US assets are divested. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up TikTok has called the bans misguided, based on fundamental misconceptions. On its website, TikTok says European user data is stored in a dedicated European data enclave, hosted across data centres in Norway, Ireland, and the US. Under Project Clover, TikTok's first data centre in Norway went fully online this month after work started in 2023. TikTok, which has over 175 million users in Europe, plans to announce more data centres in the coming years, sources said. Nordic countries have become attractive destinations for data centres for technology companies ranging from Microsoft to Meta as the colder temperatures reduce energy costs, alongside availability of cheap, emission-free electricity. 'Finland is definitely one of the places where we're continuing to build out our infrastructure,' Microsoft President Brad Smith said on Wednesday in Brussels. 'First we have a lot of access to carbon free energy, and second, it's got good connectivity, so we are able to serve much of Europe from Finland,' he said. More than 20 new data centres are being planned in Finland, amounting to some 13 billion euros in value and 1.3 gigawatts in capacity, Veijo Terho, chairman of the Finnish Data Centre Association said. REUTERS
Reuters
30-04-2025
- Business
- Reuters
Exclusive: TikTok plans to build 1 bln euro data centre in Finland, spokesman confirms
STOCKHOLM/HELSINKI, April 30 (Reuters) - TikTok plans to invest 1 billion euros ($1.14 billion) to build its first data centre in Finland as it moves data storage for European users to the continent, a TikTok spokesman confirmed on Wednesday. The spokesman declined to give further details as he confirmed the plan revealed to Reuters by two sources familiar with the matter. TikTok, owned by China-headquartered Bytedance, has been trying to address concerns over whether the Chinese government could access the data of European citizens who use TikTok. In 2023, it launched a new data security regime, nicknamed " Project Clover," with plans to invest 12 billion euros over 10 years amid growing pressure from lawmakers on both sides of the Atlantic. Several countries, the European Parliament, European Commission and others have banned TikTok from staff phones due to privacy concerns, while the U.S. government has threatened to ban the app in the U.S. on national security grounds unless the company's U.S. assets are divested. TikTok has called the bans misguided, based on fundamental misconceptions. On its website TikTok says European user data is stored in a dedicated European data enclave, hosted across data centres in Norway, Ireland, and the U.S. Under Project Clover, TikTok's first data centre in Norway went fully online this month after work started in 2023. TikTok, which has over 175 million users in Europe, plans to announce more data centres in the coming years, sources said. Nordic countries have become attractive destinations for data centres for technology companies ranging from Microsoft (MSFT.O), opens new tab to Meta (META.O), opens new tab as the colder temperatures reduce energy costs, alongside availability of cheap, emission-free electricity. "Finland is definitely one of the places where we're continuing to build out our infrastructure," Microsoft President Brad Smith said on Wednesday in Brussels. "First we have a lot of access to carbon free energy, and second, it's got good connectivity, so we are able to serve much of Europe from Finland," he said. More than 20 new data centres are being planned in Finland, amounting to some 13 billion euros in value and 1.3 gigawatts in capacity, Veijo Terho, chairman of the Finnish Data Centre Association said. ($1 = 0.8801 euros)
