FEATURE
“ Their data has to stay in Europe, on infrastructure they can trust, under laws they are required to comply with. This is what TensorX was built from, from the chips up. We’ re excited to grow this team to power our ambitions to scale rapidly.”
Built from a customer need
The origins of TensorX lie in the experiences of founder Shane Morton.
Before launching the company, Morton built and sold financial trading software and later acquired ICT Services, one of Ireland’ s leading data centre infrastructure businesses. Through his involvement with fintech companies, he repeatedly encountered organisations eager to adopt AI but reluctant to compromise on data residency requirements.
That feedback became the foundation for TensorX.
Morton has personally committed € 4 million towards NVIDIA hardware procurement, with € 2 million already delivered and a further € 2 million on order. The company is leveraging ICT Services’ procurement relationships to secure access to advanced GPU technology at a time when global demand continues to outstrip supply.
The availability of NVIDIA Blackwell GPUs is expected to be a significant differentiator as enterprises increasingly seek infrastructure capable of supporting advanced AI workloads.
“ Demand for sovereign AI infrastructure is outpacing supply across Europe,” said Shane Morton, founder of Darius Cubed Ventures.
At the same time, IDC projects that European AI spending will reach US $ 144.6 billion by 2028.
Those figures suggest that demand for local AI infrastructure will continue to rise as enterprises move beyond experimentation and begin deploying AI at scale.
For businesses operating in highly regulated sectors, sovereign infrastructure may increasingly become a requirement rather than a preference.
That trend is creating opportunities for a new generation of European AI providers seeking to build alternatives to global cloud platforms. While the hyperscale providers remain dominant, companies such as TensorX are betting that regulatory requirements, privacy concerns and geopolitical considerations will encourage organisations to diversify their infrastructure choices.
Whether that shift becomes widespread remains to be seen. However, the combination of growing AI adoption, increasing regulatory oversight and heightened concerns around data sovereignty suggests that demand for European AI infrastructure is unlikely to diminish.
For TensorX, the challenge now will be scaling quickly enough to meet that demand while securing access to the GPU resources needed to power the next generation of AI applications.
If current market forecasts prove accurate, sovereign AI may become one of the defining technology infrastructure trends of the decade. •
“ We’ re seeing it directly from enterprises in Germany, France, the Netherlands and the Nordics. Our € 8 million investment is the opening move. There is a far bigger buildout to come, and the infrastructure partnerships we have in Ireland mean we can move at the speed this market demands.”
A growing European market
The market indicators supporting TensorX’ s strategy appear increasingly favourable.
According to Accenture, 62 % of European organisations are now seeking sovereign AI solutions, rising to 76 % among banking institutions. Gartner forecasts that by 2030, 75 % of European enterprises will move AI workloads to local providers.
Key market statistics
• 62 % of European organisations are seeking sovereign AI solutions( Accenture)
• 76 % of banking organisations are pursuing sovereign AI strategies
• 75 % of European enterprises expected to move AI workloads to local providers by 2030( Gartner)
• European AI spending projected to reach US $ 144.6 billion by 2028( IDC) www. intelligentcio. com
INTELLIGENT CIO EUROPE
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