Asuncion, Paraguay, Dec. 9 (UPI) -- U.S. based X8 Cloud announced plans to invest as much as $50 billion in Paraguay over the next three decades to build what the company says will be the largest artificial intelligence data center in South America.
Construction is expected to begin in 2026, pending regulatory approvals.
X8 Cloud CEO Juan Carlos Dueñas said the company selected Paraguay because of its abundant hydroelectric supply and its stable relationship with the United States.
He noted that X8 is in discussions with the U.S. Department of Commerce and sees growing interest from American companies looking at Paraguay as an investment destination. The project would rely entirely on power from the Itaipú and Yacyretá binational dams.
Related
