TikTok to build €1bil data centre in Finland

There are fears that data centers will cause power shortages and create the wrong kinds of jobs. But is there really reason for the nitpicking and concern?

Rydman questions TikTok data centre plan over security concerns

Finland’s Minister of Economic Affairs Wille Rydman has called for a reassessment of plans to build a large data centre in Kouvola, southeast Finland, for social media platform TikTok. The project, announced earlier this week, is set to become a billion-euro investment with a scheduled completion date in late 2026. The centre’s primary user would be TikTok, owned by the Chinese company ByteDance. The facility will be developed by Finnish real es…

China to expand imports of high-quality Finnish products, technologies

Chinese Commerce Ministry has said the country is willing to expand imports of high-quality Finnish products and technologies while exploring deeper cooperation in areas such as digital economy and green transformation.

TikTok to build €1bil data centre in Finland

HELSINKI: TikTok said Tuesday it was investing 1 billion euros (US$1.1 billion) to build a data centre in Finland, days after the EU slapped it with a massive fine accusing it of sending Europeans’ personal data to China. © New Straits Times Press (M) Bhd

During the construction phase, the project is estimated to bring hundreds of jobs to Kouvola.

TikTok’s €530 million GDPR fine should be a wake-up call for global data transfers - VinciWorks

TikTok was hit with a massive €530 million ($600 million) fine by Ireland’s Data Protection Commission (DPC) for violating the EU’s GDPR. The penalty is the third-largest ever under GDPR and reflects increasing pressure from European regulators on Big Tech’s data handling practices.  Why was TikTok fined? The fine, which includes about $550 million for unlawful data transfers and about $50 million for transparency violations, centres on TikTok’s…