July 31, 2025|
AI
|4 months agoProton Technologies Halts Swiss Investment Over Surveillance Concerns
Geneva-based encrypted email provider Proton freezes investments in Switzerland, citing concerns over potential surveillance state developments.
AI
Generated IllustrationKey Takeaways
AI
- Proton Technologies was founded by three CERN scientists 11 years ago in Geneva
- Proton is freezing investments in Switzerland due to proposed surveillance laws
- The company plans to move its AI data centers to Germany and Norway
- Proton plans EUR 1 billion European expansion by 2030
By The Numbers
100 million
CHF investment planned for AI systems under brand Lumo
900 million
CHF potential investment in Geneva if regulatory environment remains favorable
They Said
"If the proposals pass, Proton's services in Switzerland would be less private than Google's"
"I never like it when companies try to pressure Switzerland or its people with money"