Joe Biden Set To Unveil Microsoft's $3B AI Data Center Plan On Same Wisconsin Land Where Trump Tried To Execute His Mega Foxconn Fantasy
Portfolio Pulse from Benzinga Neuro
President Joe Biden and Microsoft Corp. President Brad Smith are set to announce a $3.3 billion investment in an artificial intelligence data center in Racine County, Wisconsin. This investment is on the same land where a failed tech project by Foxconn, a supplier for Apple, was initially planned. The announcement is part of Biden's efforts to promote bipartisan infrastructure and semiconductor subsidies, aiming to boost domestic manufacturing and investments across the U.S. This move is also seen as crucial for Biden's reelection campaign, especially in the key battleground state of Wisconsin.

May 08, 2024 | 12:08 pm
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Microsoft Corp. is partnering with President Joe Biden to invest $3.3 billion in an AI data center in Wisconsin, marking a significant commitment to U.S. infrastructure and technology development.
The announcement of a $3.3 billion investment in an AI data center by Microsoft in partnership with the U.S. government is a strong positive signal for the company. It not only highlights Microsoft's commitment to advancing AI technology and infrastructure but also positions the company favorably in terms of government relations and potential future contracts. This strategic investment is likely to be viewed positively by investors, potentially leading to a short-term positive impact on Microsoft's stock price.
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