• 13/04/2024 02:40

Microsoft is investing more than $2 billion in artificial intelligence and cloud infrastructure in Spain

Microsoft will increase investments in artificial intelligence and cloud infrastructure in Spain by $2.1 billion over the next two years, company president Brad Smith announced.

Microsoft will invest more than $2 billion in artificial intelligence and cloud infrastructure in Spain

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According to him, investments go beyond the simple construction of centers data processing and are “a testament to Spain’s 37-year commitment to security, development and the digital transformation of its government, business and population.”

Spanish President Pedro Sánchez published a photo from his meeting with Smith and thanked him for his confidence in Spanish economy.

“Cooperation between the public and private sectors is necessary to successfully address the challenges of digital transformation,” he said.

Recall

The “Ministry of Finance” wrote that AI startup Figure, which creates humanoid robots, is in talks about funding with Microsoft and OpenAI. In total, the company plans to find up to $500 million for the development of the project.

On January 24, 2024, Microsoft Corporation reached a historical market valuation of $3 trillion, which is another example of how optimism about artificial intelligence contributed to the development of the tech giant.

minfin.com.ua

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