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Home»TRADING NEWS»Microsoft invests $2 billion in AI in Spain
TRADING NEWS

Microsoft invests $2 billion in AI in Spain

By Crypto FlexsFebruary 20, 20242 Mins Read
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Microsoft invests  billion in AI in Spain
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Microsoft has taken a big step forward in Europe with a $2.1 billion investment commitment to strengthen its artificial intelligence (AI) and cloud infrastructure in Spain. Microsoft Vice Chairman and President Brad Smith announced the investment following a meeting with Spanish Prime Minister Pedro Sánchez, emphasizing the country’s commitment to digital transformation.

Expanding AI and cloud infrastructure

The investment, which will be completed over the next two years, aims not only to build data centres, but also to support security and digital development in Spain across government, business and society. Microsoft sees this as a continuation of its long-standing relationship with Spain, spanning 37 years.

Continued Investment in Europe

This announcement follows Microsoft’s recent commitment to invest €3 billion to strengthen Germany’s AI ecosystem. Over the next two years, Microsoft plans to allocate these funds to strengthen its AI infrastructure, build new data centers, and provide AI skills training in Germany.

AI development trends in Europe

Microsoft’s investment is consistent with a broader trend of big tech companies increasing AI-related investments in Europe, coinciding with the imminent implementation of the EU AI Act. For example, Google unveiled plans to establish a dedicated AI hub in Paris, while also announcing significant investments in skills training in the field of AI for Europeans.

Driving AI Innovation

As Europe increasingly becomes a hub for AI innovation, Microsoft’s significant investment highlights the region’s growing importance in the global AI landscape. This strategic move not only strengthens Microsoft’s position in Europe, but also contributes to digital innovation and technological advancement in the region.

invest @Microsoft In Spain, it will quadruple in size to €1.95 billion.

I would like to thank the President. @BradSmiWe ask for your trust in the Spanish economy and our roadmap for an inclusive and secure digital transformation.

also… pic.twitter.com/0PG1tZL08e

— Pedro Sanchez (@sanchezcastejon) February 19, 2024

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