According to Cointelegraph, Microsoft announced another investment into Europe. It is expected to invest about $2.1 billion to expand its artificial intelligence (AI) and cloud infrastructure in Spain.
Brad Smith, vice chair and president, Microsoft, tweeted that after a meeting with Pedro Sánchez, Spain, prime minister, the company will be fulfilling its investment in Spain over the next two years, added Cointelegraph.
Sources revealed that the investment comes during another investment Microsoft made into Europe on February 15, 2024. It is believed that about $3 billion euros will be invested for developing Germany’s AI ecosystem.
Furthermore, over the next two years Microsoft plans to invest the funds to boost German AI infrastructure, build new data centers and train people in developing AI skills, among others, concluded Cointelegraph.
(With insights from Cointelegraph)
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