Technology giant Microsoft on Tuesday, September 24, announced its intention to invest $1.3 billion to build up its infrastructure for cloud computing and artificial intelligence in Mexico over the next three years.
Microsoft chairman and chief executive officer Satya Nadella said at an event in Mexico City that the company is doubling down on bringing more capacity to the mentioned country.
The technology giant, as part of its investment in Mexico, intends to focus on financial injections into improving connectivity and boosting the adoption of artificial intelligence by firms that belong to the small and medium-sized business sector. Relevant information about the plans is contained in the official Microsoft statement.
The goal of the technology giant’s investment initiative is to reach 5 million Mexicans and 30,000 companies belonging to the small and medium-sized business sector.
It is worth noting that Mexican firms such as breadmaker Bimbo and cement producer Cemex are already using artificial intelligence tools from Microsoft.
Also, the technology giant and communications company Viasat are currently working to provide Internet access to more than 150,000 Mexican residents previously without cellular connectivity by the end of next year.
The Economy Minister of the mentioned country, Marcelo Ebrard, published a message on the social media platform X, in which he described as great news the mentioned Microsoft’s investment intentions. In this context, it was also noted that financial injections from the technology giant will help the country to quickly boost its capabilities in the artificial intelligence industry.
As we have reported earlier, Microsoft and BlackRock to Launch Fund for AI Infrastructure.
