Summary
Microsoft is investing $2.1 billion in AI and cloud infrastructure in Spain over the next two years, their largest investment in the country. The funds will go towards building data centers and developing AI solutions for government efficiency and cybersecurity. The investment is expected to create 69,000 new jobs by 2030 and add 8.4 billion Euros to Spain’s GDP. This move follows similar investments in Germany and reflects Microsoft’s focus on AI development to compete with other tech giants like Google.
Key Points
1. Microsoft has announced a $2.1 billion investment in expanding its artificial intelligence (AI) and cloud infrastructure in Spain over the next two years, marking its largest investment in nearly four decades of presence in the country.
2. The investment will focus on developing AI solutions to enhance government efficiency and cybersecurity applications, with a significant portion allocated to establishing a “Cloud Region” with data centers in Madrid and Aragon.
3. This move has been praised by Spanish President Pedro Sánchez, who sees it as a significant step towards the future and expects it to generate thousands of new jobs and contribute billions to the country’s GDP by 2030.