Jon Gray said computing demand was outstripping supply, reinforcing his confidence in AI infrastructure despite pressure on technology shares.
Bull and Schwarz Digits sign preliminary pact for European AI services
The proposed services would operate entirely under European jurisdiction, with STACKIT providing access and Bull responsible for manufacturing.

Schwarz Digits and French supercomputer manufacturer Bull agreed on November 3 to pursue a joint artificial intelligence computing offering. The preliminary pact envisages services operating wholly within European jurisdiction. The partners did not disclose financial terms.
Manufacturing will be Bull’s responsibility, while Schwarz Digits will deliver the services through STACKIT, its internet-based computing and storage business. Schwarz Digits is the technology division of Schwarz Group, the owner of Lidl.
The partners intend to develop data center servers together. They said the collaboration could later extend to offering SAP business software. Corporate and public-sector STACKIT users will also get direct access to Bull software for developing and operating AI applications.
The agreement comes alongside other AI initiatives at both companies. State-owned Bull doubled capacity in October at Europe’s sole factory dedicated to supercomputer production.
Schwarz is leading a funding round worth C$7 billion for Cohere, a Canadian AI lab. Cohere’s European expansion includes acquiring Aleph Alpha, a German AI startup, and Aisle, a cybersecurity company based in the Czech Republic.
