Local AI capacity building in Europe continues to heat up. Solstice and TensorX announced their plans to establish a maximum of $1 billion in financing to support the EU-wide expansion of AI hardware procurement and data centres, with a focus on NVIDIA GPU deployment.

The money goes to the European Union.

At the heart of this cooperation is the ongoing financing of local AI building in Europe. The two companies indicated that the funds would be used mainly to support the "Sovereign AI"-related projects, to carry the AI work loads of businesses and institutions operating locally in Europe and to retain more control over data storage, compliance requirements and computing.

TensorX currently operates the NVIDIA GPU cluster in Europe and provides AI model services through local data centres. According to the company, its clients include the EU ' s AI start-up and large-scale business clients, and subsequently plans to gain access to more international markets.

Solstice is going to push anaUSX.

In addition to the level of financing, Solstice plans to launch a digitally-revenue asset called aiUSX, with the aim of linking the funds set aside by the enterprise for future AI expenditure to AI infrastructure lending opportunities.

According to Solstice, many AI companies would retain large-scale cash or stable digital assets for subsequent computing and reasoning expenses. However, these funds are often inactive before they are actually used. AiUSX is designed to give such funds, while maintaining their foreclosure and liquidity, access to the benefits of AI infrastructure loans.

  • A maximum of $1 billion.
  • Initial focus support for NVIDIA GPU deployment
  • AiUSX with an initial ceiling of $5 million

Finance model extended to the outside structure

This cooperation also reflects the changing approach to AI infrastructure financing. The quarterly assessment issued by the Bank for International Settlements in March this year mentions that AI infrastructure investments, such as data centres, already account for a higher proportion of capital expenditures in developed economies.

The report shows that large technology companies have significantly increased AI infrastructure spending in recent years and that the corporate debt market has become an important source of financing. In 2025, the total size of the related bond issuances exceeded $100 billion, with most of them lasting more than five years, to support multi-year expansion plans.

BIS also mentioned that an increasing number of technology companies have introduced off-the-shelf financing structures, such as holding and financing data centre assets through special purpose carriers or joint venture arrangements. The new scheme of Solstice and TensorX has largely fallen within this trend, with the addition of a layer of chain assets.