Microsoft to Invest €3.2 Billion in German AI Infrastructure
Microsoft Corp. President Brad Smith announced plans to invest €3.2 billion ($3.4 billion) over the next two years in German artificial intelligence infrastructure at an event with Chancellor Olaf Scholz, as the technology giant seeks to build up its computing power in Europe.
Tweet on Microsft cloud centers expansion in E.U
@Microsoft is investing heavily in data centers to fuel the AI boom#ai #clouds #chips #ChatGPT https://t.co/jymOe8cKQR
— The_Journalbiz (@the_journalbiz) February 15, 2024
Bloomberg News on Microsoft
Microsoft is investing heavily in cloud infrastructure and data centers.
Microsoft is investing heavily in cloud infrastructure and data centers as the company seeks to become an AI powerhouse through its partnership with OpenAI. Optimism for the company’s strategy has sent its market capitalization over $3 trillion, passing Apple Inc. as the world’s most valuable company.
The funds represent Microsoft’s biggest direct investment into Germany and will be used to build new data centers in North Rhine-Westphalia and around Frankfurt, as well as training workers, according to Smith. No state subsidies are involved, he said.
The investment comes as European regulators are pushing cloud companies to store their data within the bloc due to privacy and security concerns. Europe’s pipeline for data center construction totals $82 billion in projects, second only to the US, according to Global Data figures.
