Microsoft investing billions in Spain for AI, cloud in latest EU spending spree

Date:
Tue, 20 Feb 2024 10:59:50 +0000

Description:
Spain should see significant economic and technological benefits as Microsoft pledges to invest $2.1 billion over two years.

FULL STORY ======================================================================

Microsoft has confirmed plans to bolster its artificial intelligence and
cloud infrastructure in Spain with a substantial $2.1 billion investment over the next two years.

The news came as Spanish Prime Minister Pedro Snchez took to X to announce Microsofts decision to quadruple its investment in the country.

The investment follows closely on the heels of other commitments by the company, such as its $3.45 billion investment in Germany, emphasizing
Redmonds plans to expand AI and cloud services across Europe. Microsoft continues to invest in European AI

In December, Microsoft revealed a similar $3.2 billion spend in the UK, aimed at expanding its AI datacenter infrastructure, increasing skills, and improving security.

Spains Snchez commented on X: I want to thank [Microsofts] president, Brad Smith, for his trust in the Spanish economy and in our roadmap for an inclusive and secure digital transformation.

He added that the investment would help the country strengthen cybersecurity and promote artificial intelligence in public administration.

Microsoft Vice Chair and President Braad Smith commented : Our investment is beyond just building data centers, its a testament to our 37-year commitment to Spain, its security, and development and digital transformation of its government, businesses, and people.

Specific details about the companys investment in Spain are yet to be confirmed, but its reasonable to suspect it will be on similar grounds to other cash injections announced by Microsoft in recent months.

Besides giving the countrys business sector access to better technologies, with the hope of boosting its economy, Microsoft also looks to be increasing its presence across Europe, an area that its previously had plenty of trouble with in relation to antitrust allegations, including its own cloud platform. More from TechRadar Pro 28 countries agree to develop AI safely and responsibly at Bletchley Park summit Weve rounded up a list of the best cloud hosting providers Check out the best AI tools and the best AI writers



======================================================================
Link to news story: https://www.techradar.com/pro/microsoft-investing-billions-in-spain-for-ai-clo ud-in-latest-eu-spending-spree


--- Mystic BBS v1.12 A47 (Linux/64)
* Origin: tqwNet Technology News (1337:1/100)