Microsoft to expand its AI infrastructure in Spain with $2.1 billion investment

February 19, 2024 5:31 PM EST

A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, February 9, 2024. REUTERS/Gonzalo Fuentes/File Photo

(Reuters) - U.S. software giant Microsoft will expand its artificial intelligence (AI) and cloud infrastructure in Spain through an investment of $2.1 billion in the next two years, the company's Vice Chair and President Brad Smith said in a post on social media site X.

The move comes on the heels of its announcement of a 3.2 billion euros ($3.45 billion) AI-focused investment in Germany, spanning the next two years.

Microsoft did not immediately respond to a Reuters request for further details on the investment in Spain.

"Our investment is beyond just building data centers, it's a testament to our 37-year commitment to Spain, its security, and development and digital transformation of its government, businesses, and people," Smith said.

($1 = 0.9279 euros)

(Reporting by Juveria Tabassum; Editing by Chris Reese)

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

AI, Reuters