Microsoft Invests $3.2B in Sweden for AI Training and Green Data Centers
June 4, 2024Microsoft Corp is making a $3.2 billion investment in Sweden, its largest in the country to date.
The investment aims to train 250,000 Swedes in AI skills by 2027 and expand data center capacity.
This initiative is part of Microsoft's global strategy addressing AI risks, such as deepfakes.
Microsoft will deploy 20,000 advanced GPUs for generative AI and promote renewable energy use.
The company's stock is performing well, with analysts rating it as Strong Buy.
The Swedish Prime Minister sees AI as a transformative force, highlighting the investment's significance.
Investors and tech enthusiasts are closely watching Microsoft's future actions.
Summary based on 52 sources
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Sources
Yahoo Finance • Jun 3, 2024
Microsoft to invest $3.2 bn in AI in SwedenYahoo Finance • Jun 3, 2024
Microsoft to invest $3.2 billion in Swedish cloud, AIYahoo Finance • Jun 3, 2024
Microsoft to invest $3.2bn in Swedish AI and cloud infrastructure