Microsoft to invest US$3.2bil in Swedish cloud, AI


Microsoft logo is seen at the Mobile World Congress (MWC) in Barcelona, Spain February 27, 2024. REUTERS/Bruna Casas/File Photo

STOCKHOLM: Microsoft will invest 33.7 billion Swedish crowns ($3.21 billion) to expand its cloud and artificial intelligence infrastructure in Sweden over a two-year period, the U.S. tech group said on Monday.

The investment, Microsoft's biggest to date in Sweden, includes a pledge to help train some 250,000 people with AI skills, corresponding to 2.4% of the population that will help boost the Nordic country's competitiveness, it added.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Microsoft , AI , cloud , infrastructure

Next In Business News

Global EV sales growth likely to slow after 20% jump in rocky 2025, research firm says
Trading ideas: Capital A, LBS Bina, Rimbunan Sawit, Selangor Dredging, Vstecs, Velocity, Jetson, PetDag, Foodie Media
Oil prices rise on potential Iran supply disruption
Wall St falls with financials amid credit-card rate plan concern
Foodie Media� 1Q revenue at RM13mil
Govt-linked entities hold key to Sunway’s bid for IJM
Stable�medium-term outlook�for CPO prices
Kumpulan Jetson in RM15mil sale
Healthcare sector rerating likely on big-ticket IPOs�
Rimbunan Sawit disposes Sarawak asset

Others Also Read