 "Microsoft, Microsoft Corp, Windows, Bill Gates")
Photographer: Krisztian Bocsi/Bloomberg
Microsoft will invest 33.7 billion Swedish crowns ($3.21 billion) to develop its cloud computing and artificial intelligence infrastructure in Sweden over a period of two years, the American technology group announced on Monday.
The investment, Microsoft’s largest to date in Sweden, includes a commitment to help train some 250,000 people in AI skills, corresponding to 2.4 percent of the population, which will help boost competitiveness of the Nordic country, adds the press release.
“This announcement goes beyond technology, it is a commitment to ensuring broad access to the tools and skills needed for Sweden’s population and economy to thrive in the AI era,” Microsoft Vice President and President Brad Smith said in a statement.
As part of its investment, the company announced plans to deploy 20,000 of the most advanced graphics processing units (GPUs), which accelerate computing calculations, at its Swedish data center sites in Sandviken, Gavle and Staffanstorp.
Smith was due to meet Swedish Prime Minister Ulf Kristersson in Stockholm on Monday.
Microsoft said it was committed to boosting AI adoption in the Nordic region, which includes Sweden, Denmark, Finland, Iceland and Norway.
(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First publication: June 3, 2024 | 1:14 p.m. STI
