Microsoft to inject $2.1B into Spain’s AI industry

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Written on Feb 20, 2024

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Microsoft to cement its presence in Spain’s evolving market.
The software firm will invest massively to expand its cloud & AI infrastructure into the region.
Spain positions itself as a pioneer of AI and digital transformation.

The global artificial intelligence (AI) sector continues to witness advancements. Brad Smith of Microsoft has revealed the company’s plan to inject a massive $2.1 billion for cloud and AI expansion in Spain.

I’m thrilled to announce that we will expand our AI and cloud infrastructure in Spain by $2.1B USD in the next two years. 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… https://t.co/arJnZzyDpc
— Brad Smith (@BradSmi) February 19, 2024

Microsoft AI expansion plans in Spain

The company’s President and Vice Chair stated that Microsoft will expand its AI and cloud initiatives in Spain by investing 2.1 billion in the next two years. Further, the tech firm’s move highlights various aspects besides creating data centers.

Smith added that their venture into the Spanish marketplace showcases Microsoft’s year-long commitment to the country, its security, development, and the digital revolution of Spain’s businesses, government, and people.

Spain as a digital hub

Spain’s Prime Minister Pedro Sanchez commented on Microsoft’s bold move, commenting on the tech giant’s trust in the nation’s economy.

Sanchez added that authorities have identified cooperation opportunities to bolster cybersecurity and push AI in Public Administration – which remains crucial in digital transformation.

The remarks cement Spain as a pioneer in the artificial intelligence world, promoting innovations and prioritizing regulations.

Pedro Sanchez trusts that Microsoft will reap big from its investment, stating,

“The investment of Microsoft in Spain is going to quadruple.”

Meanwhile, the artificial intelligence sector has flourished lately, with Sam Altman’s Worldcoin, a project that connects AI and crypto, attracting massive users.