Microsoft To Fund USD 3.2 Billion in Swedish Cloud and AI By CIOTechOutlook Team

Microsoft To Fund USD 3.2 Billion in Swedish Cloud and AI

CIOTechOutlook Team | Monday, 03 June 2024, 09:12 IST

Microsoft will contribute 33.7 billion Swedish crowns ($3.21 billion) to grow its cloud and artificial intelligence infrastructure in Sweden for a two-year time frame, the U.S. tech team said on Monday.

The largest investment that Microsoft has ever made in Sweden also includes a promise to help train 250,000 people, or 2.4% of the population, in AI skills. This will help Sweden become more competitive, according to the announcement.

"This announcement goes beyond technology, it's a commitment to ensuring broad access to the tools and skills needed for Sweden's people and economy to thrive in the AI era," Microsoft Vice Chair and President Brad Smith said in a statement.

On account of its funding, the organization said it intends to send 20,000 of the most progressive designs handling units (GPU), which accelerate PC computations, at its Swedish data centre locales in Sandviken, Gavle and Staffanstorp. Microsoft stated that it was committed to increasing AI adoption throughout the Nordic areas, which in addition to Denmark, Finland, Iceland, and Norway.

Microsoft Enterprise is an American worldwide partnership and innovation organization settled in Redmond, Washington. Microsoft's most popular programming items are the Windows line of operating systems, the Microsoft 365 set-up of efficiency applications, and the Edge internet browser. Its lead equipment items are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers.