Microsoft to invest $3.2 bn in AI in Sweden

Stockholm: Microsoft said Monday that it would invest 33.7 billion kronor ($3.2 billion) over two years in cloud and artificial intelligence infrastru...

Stockholm: Microsoft said Monday that it would invest 33.7 billion kronor ($3.2 billion) over two years in cloud and artificial intelligence infrastructure in Sweden, its biggest investment in the country.

The group will train 250,000 people by 2027 to boost AI knowledge and competence and also increase capacity at its three data centres in the country, it said.

"Microsoft's largest investment in our history in Sweden" would enable the Scandinavian country "to build world-leading AI data centre infrastructure," the company's president and vice chair Brad Smith said at a press conference with Swedish Prime Minister Ulf Kristersson.

"A big part of the reason we're able to do this is because of Sweden's forward-looking energy policy, the plentiful access to green energy, whether it's carbon-free energy or renewable energy," Smith said.

The US group has in recent months announced similar AI investments in other countries, including in France where it vowed to invest four billion euros ($4.3 billion), Japan where it announced a $2.9 billion AI push, and in Indonesia and Malaysia.