Solstice and TensorX to Buy $1 Billion in AI Infrastructure to Support EU Sovereign AI Demand
Solstice and TensorX today announced a partnership to finance European sovereign AI infrastructure. The companies will create a facility with up to $1 billion in capacity to finance AI hardware and data-center build-out to meet rising demand for sovereign compute across the EU. Solstice will provide onchain financing and launch aiUSX, a yield-bearing asset that opens infrastructure lending to companies holding capital for AI.
TensorX owns and operates a fleet of NVIDIA GPUs and delivers AI models in EU data centers with zero data retention and predictable pricing. The company works with AI startups and enterprises across the EU and plans to expand globally.
“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,” said Tim Grant, Executive Chairman of TensorX. “The billion dollars going into GPUs and data center capacity is the first step.”
aiUSX allows companies to put cash set aside for AI into a liquid, redeemable asset that earns yield from infrastructure lending. At launch, aiUSX will be capped at $5 million. “Every company is turning into an AI company, and every one of them watches its inference bill climb,” said Ben Nadareski, CEO of Solstice. “aiUSX puts the money they set aside for AI to work in the meantime.”
Stuart Connolly, CIO of Deus X Capital, noted: “Sovereign AI is one of the biggest infrastructure buildouts 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.”
Solstice is an onchain settlement and yield protocol with a three-year audited track record and over $500 million in total value locked. TensorX is a Dublin-based sovereign AI infrastructure company operating across the EU.