Dublin-based AI infrastructure company TensorX has announced a partnership with finance provider Solstice to deliver up to $1 billion (approximately €840 million) in sovereign European AI infrastructure, combining TensorX's GPU procurement and data centre operations across the EU with Solstice's financing capabilities to meet rising demand for European-controlled compute.

The development, reported by Think Business, follows TensorX's €8 million seed funding round earlier this week, which founder Shane Morton described as an opening move ahead of a much larger build-out.

TensorX buys and operates AI hardware and data centre capacity across the EU, connecting start-up and enterprise clients to private compute infrastructure with full data residency and zero data retention on European soil.

Tim Grant, Chair of TensorX, said: "Europe wants AI that can run on its own terms, on its own soil, without handing its data to someone else's cloud on the world stage. The billion dollars going into GPUs and data centre capacity is the first step, and we expect to keep buying as demand grows."

Solstice, described as an on-chain settlement and yield protocol within the Deus X Capital ecosystem, will also launch a yield asset named aiUSX to enable companies to finance AI infrastructure build-outs using capital they already hold, keeping funds liquid while directing returns toward inference costs.

Ben Nadareski, CEO of Solstice, said: "aiUSX puts the money they set aside for AI to work in the meantime. They get access to the kind of AI-infrastructure lending that used to sit with large institutions, the capital stays liquid, and what it earns goes toward inference later."

Stuart Connolly of Deus X Capital said: "Sovereign AI is one of the biggest infrastructure build-outs of this decade, and it runs on capital as much as it runs on chips. TensorX builds the compute, Solstice brings the financing and aiUSX lets more companies take part in funding it."

Demand for sovereign AI infrastructure is accelerating across Europe. Data cited by TensorX from Accenture suggests 62% of European organisations seek sovereign AI, while Gartner research indicates 75% of European enterprises plan to move AI workloads to local providers by 2030.

Find out more about TensorX's sovereign AI infrastructure partnership and European expansion plans in the full article.