Latest news and stories about investment in technology in Setúbal, Portugal for expats and residents.
The Portuguese government has confirmed it will not maintain a direct financial stake in the development of the upcoming artificial intelligence Gigafactory.
Portugal and Spain have announced a joint bid to develop an AI gigafactory, with an investment of €8 billion, aiming to enhance their technological capabilities and position in the global innovation market. The project will establish infrastructure in both countries, with Sines in Portugal as a key location, and is part of a broader strategy to strengthen Southern Europe's role in AI development. This initiative reflects a significant political and economic collaboration between the two nations, focusing on equitable resource distribution and fostering a competitive edge in the digital economy.
The Alentejo 2030 Programme has launched a call for Research and Development (R&D) projects in the Alentejo Litoral region, with a budget of five million euros, the Regional Coordination and Development Commission (CCDR) revealed this Thursday. In a statement, the Alentejo CCDR added that the call for proposals, titled 'Business R&D SI for a...', was announced.
Portugal has strengthened its position as a strategic hub for transatlantic digital connectivity after Google’s Nuvem submarine cable was officially landed in Sines, marking another major investment in the country’s The post Google’s Nuvem cable strengthens Portugal’s role as transatlantic digital gateway appeared first on Portugal Resident.
Google's Nuvem cable system joins two other high-capacity submarine cables already connecting Portugal to other continents – the Equiano cable, also owned by Google, which connects Portugal to South Africa, passing through other African countries, and the EllaLink, which connects Sines to Brazil in Latin America.
The arrival of artificial intelligence (AI) chips at the Start Campus data centre in Sines explains the investment boom recorded in Portugal in the first quarter, which boosted economic growth. The order was so significant that it moved the needle for the National Statistics Institute (INE). The Portuguese economy grew by 2.3% in...
Portugal is preparing a joint bid with Spain for European funds. Investment of eight billion euros.
Nscale, a British company that provides infrastructure to support artificial intelligence (AI), is expanding its investment in Portugal, taking full occupation of the second building of the Start Campus data The post British company Nscale invests almost €700 million in Sines data center appeared first on Portugal Resident.
Nscale will install more than 66,000 advanced Nvidia GPUs at the Sines data centre in the Setúbal district to boost artificial intelligence systems. The investment, to be completed by the end of 2027, builds on a partnership with Microsoft and includes a 465 million euro investment in a new 200 MW facility, marking one of the most significant AI infrastructure projects in the EU and Portugal to date.
British company Nscale announced that the operation involves an additional investment of 695 million euros.
Portugal is preparing to receive another large shipment of highly advanced Nvidia processors specialised in artificial intelligence (AI). The British company Nscale announced this Tuesday that it will install more than 66,000 Nvidia Rubin graphics cards at the Start Campus data centre in Sines starting at the end of 2027. The investment adds to the package...
By the end of 2027, the Sines data centre will receive 66,000 more processors from the giant Nvidia to power Microsoft's artificial intelligence. The infrastructure for this expansion alone involves an investment of nearly €700 million from the British company Nscale.
Start Campus, in Sines, is not part of the Portuguese and Spanish bid for European Union funding to build an AI gigafactory, but the project was used as a reference and there is a desire to host it. The governments of Portugal and Spain formalised their intention just over a month ago to...
Home News Portugal city to have new data centres Portugal city to have new data centres Fourteen renewable-fuel emergency power modules will be installed at the Sines mega-data centre, increasing its energy capacity, it was announced.
French entrepreneur Thomas Castan has launched an eco-friendly river freight company, Urban Logistic Solutions (ULS), using modular boats built in Barreiro, Portugal, to deliver goods to city centres via bicycle fleets. The company, which currently operates in Strasbourg and Lyon, aims to expand across France and Europe, with Castan expressing a desire to establish a larger shipyard in Portugal to support the growing demand for his sustainable logistics model.
The economic value generated in the Portuguese economy by the Microsoft ecosystem reached 7.3 billion euros last year, equivalent to 2.5% of the GDP, the tech company announced this Thursday. According to the study, this figure is projected to rise to 9 billion euros once the Sines operation reaches full capacity. The ecosystem has generated approximately 35,000 direct and indirect jobs, with an expected increase of 8,300 roles driven by AI investments. Microsoft Portugal's General Manager, Andrés Ortolá, highlighted the rapid global adoption of generative AI, while EY's Rui Faustino noted that for every euro invested in Microsoft solutions, companies can expect 9.6 euros in productivity gains over time.
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