The leading tech giant Microsoft President Brad Smith has announced plans for the company to invest $3.4 billion (€3.2 billion) over the next two years in German artificial intelligence infrastructure. He has positively stated at an event with Chancellor Olaf Scholz.
The technology giant seeks to build up its computing power in Europe, and as a result, it is investing heavily in cloud infrastructure and data centers. The Company also seeks to become an AI powerhouse through its partnership with OpenAI.
“German companies are rapidly adapting AI-related technologies,” Smith said at a press conference with Scholz in Berlin on Thursday. “We’re expanding our data processing centers in the region.”
The fund is the biggest direct investment from Microsoft into Germany, and that to right at the time when European regulators are pushing cloud companies to store their data within the bloc due to privacy and security concerns.
Smith assured that funds will help build new data centers in North Rhine-Westphalia and around Frankfurt, as well as training workers, without the need for state subsidies.
“This investment has also something to do with the fact that we have decided to remain an open country,” Scholz said, highlighting several other planned German projects by foreign tech companies. “A lot is happening right now.”
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