August 1, 2025|
AI
|4 months agoProton halts Swiss investment citing surveillance concerns
Geneva-based encrypted email provider Proton announces investment freeze in Switzerland, warning of growing surveillance state concerns.
AI
Generated IllustrationKey Takeaways
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- Proton is a Geneva-based encrypted email provider founded by three CERN scientists 11 years ago
- Proton will freeze investments in Switzerland due to proposed surveillance regulations
- The company plans to invest CHF 100 million in AI data centers in Germany and Norway
- Proton plans European expansion worth CHF 1 billion by 2030
By The Numbers
CHF 100 million
Investment in AI systems under brand Lumo
CHF 900 million
Potential future investment in Geneva
CHF 1 billion
Total planned European expansion by 2030
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"