A Norwegian company, Bulk, is proposing a new 2,800-mile undersea data cable, dubbed Project Leif Erikson, to directly connect Canada and Europe. This initiative aims to bypass the United States for data transmission, driven by Canada's desire to reduce reliance on American infrastructure. The project, estimated to cost over $620 million, seeks a Canadian majority partner for funding and construction, with potential benefits for AI, telecom, and hyperscale markets. AI
IMPACT Could provide more resilient and secure data infrastructure for AI and hyperscale markets, reducing reliance on US routes.
RANK_REASON Proposal for major infrastructure project with geopolitical implications. [lever_c_demoted from significant: ic=1 ai=0.7]
- Alphabet Inc.
- Bulk
- Canada
- Europe
- Mark Carney
- Melanie Joy
- Peder Nærbø
- Project Leif Erikson
- United States
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