Microsoft to Invest $3.2 Billion in Sweden

Microsoft on Monday, June 3, announced its intention to invest $3.2 billion to expand its cloud and artificial intelligence infrastructure in Sweden over two years.

Microsoft to Invest $3.2 Billion in Sweden

Against the background of the growing popularity of generative AI, the rising consumer interest in cloud services is also being recorded. Aiming at the corresponding trend, companies such as Microsoft and Amazon Web Services (AWS) are investing billions of dollars in the construction of data centers in Europe.

Microsoft has already announced its intentions in several European countries. In November, the technology giant invested in data centers in the United Kingdom. In February, Microsoft provided funding for similar efforts in Germany and Spain.

The president of the company, Brad Smith, during a conversation with media representatives, said that the technology giant is planning several more announcements about investment activities, noting in this context intentions for the fall.

Microsoft plans to deploy 20,000 of the most advanced graphics processing units (GPUs) that speed up computer сфдсгдфешщты in its data centers in Sandviken, Gavle, and Staffanstorp. Brad Smith has stated that the technology giant will apply faster processors from Nvidia.

Currently, the desire to develop programs using artificial intelligence is widespread in the technological environment. Against this background, there was a sharp increase in demand for modern chips that can support the corresponding complex apps.

Microsoft intends to step up the introduction of artificial intelligence in the Nordic region, which, in addition to Sweden, also includes Denmark, Iceland, Norway, and Finland.

The technology giant plans to train 250,000 Swedes in artificial intelligence skills in organizations, schools, universities, the public sector, and society at large over the next three years.

As we have reported earlier, Microsoft to Invest €4 Billion in France.

Serhii Mikhailov

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Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.