Activists Raise Alarm as Microsoft Invests $2B in Saudi Cloud Facility, Cite Data Privacy Concerns
Portfolio Pulse from Anusuya Lahiri
Microsoft Corp has announced a $2 billion investment to build a data center region in Neom, Saudi Arabia. The project, which is part of an annual tech conference in Riyadh, has raised concerns about data privacy protections in Saudi Arabia. Critics argue that Microsoft's data center could pose potential risks due to the lack of data privacy protections in the country. Microsoft has defended its investment, stating that the data center region will address organizations' data residency, security, privacy, and compliance needs.
July 25, 2023 | 1:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Microsoft's $2 billion investment in a Saudi data center has raised data privacy concerns. The company's shares traded higher by 0.46% at $346.70 on the last check Tuesday.
Microsoft's investment in a Saudi data center has raised concerns about data privacy protections in Saudi Arabia. Despite these concerns, Microsoft's shares traded higher, indicating that investors may not see these concerns as a significant risk at this time. However, the situation could change if the data privacy issues escalate, potentially impacting Microsoft's reputation and its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100