March 27, 2024
AI

Spain: Microsoft Invests $2.1 Billion in AI Infrastructure

In a significant move to further strengthen its presence in Europe, Microsoft has unveiled a $2.1 billion commitment to expand its artificial intelligence (AI) and cloud infrastructure in Spain. The announcement was made by Brad Smith, Microsoft’s vice chair and president, following a meeting with the Prime Minister of Spain, Pedro Sánchez.

Smith emphasized that the investment is not limited to constructing data centers but extends to supporting the overall development and digital transformation of Spain. In a post on social media platform X, Smith expressed that the investment is committed to the “security, development, and digital transformation of its government, businesses, and people.”

Microsoft has a longstanding history of investment in Spain, with Smith revealing that the company has been actively involved in the country for 37 years. In September 2021, Microsoft announced the establishment of a research and development hub for AI technologies in Barcelona, showcasing the company’s recognition of Spain’s talent in the digital sector.

This latest financial commitment follows Microsoft’s recent investment of 3 billion euros into Germany’s AI ecosystem on February 15. Over the next two years, Microsoft plans to utilize these funds to enhance German AI infrastructure, establish new data centers, and provide training programs to develop AI skills among the workforce.

The surge in Big Tech investments in Europe is becoming a trend, particularly as the European Union prepares to implement its landmark EU AI Act legislation. On the same day, Microsoft announced its investment in Germany, the Ministry of the Economy, Finance and Industrial and Digital Sovereignty of France, and Google unveiled plans to establish a new AI-dedicated hub in Paris. This hub is set to house nearly 300 researchers and engineers, aligning with France’s aspirations in the AI sector.

In a proactive move, Google had previously declared its “AI Opportunity Initiative for Europe,” committing 25 million euros ($26.9 million) to skills training for Europeans in the AI sector. The growing interest and investment from major tech players underscore the increasing importance of Europe in the global AI landscape. Microsoft’s latest commitment to Spain signals a continued push towards fostering technological innovation and digital growth in the region.

Image by Aberrant Realities from Pixabay

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