Microsoft Plans $3.2B AI And Cloud Investment In Sweden: Report
Portfolio Pulse from Shivani Kumaresan
Microsoft Corp. (NASDAQ:MSFT) plans to invest $3.21 billion in AI and cloud infrastructure in Sweden over the next two years. The initiative includes training 250,000 Swedes in AI skills and deploying 20,000 advanced GPUs at data centers in Sandviken, Gavle, and Staffanstorp. This move underscores Microsoft's commitment to AI adoption in the Nordic region.
June 03, 2024 | 10:55 am
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Microsoft's $3.21 billion investment in AI and cloud infrastructure in Sweden is likely to enhance its market position in the Nordic region. The initiative includes training 250,000 Swedes and deploying 20,000 advanced GPUs, indicating a strong commitment to AI adoption.
The significant investment in AI and cloud infrastructure, along with the training of 250,000 individuals, demonstrates Microsoft's commitment to expanding its presence and capabilities in the Nordic region. This is likely to positively impact MSFT's stock price in the short term.
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