Microsoft has made a significant investment in Europe, committing $2.1 billion to expand its artificial intelligence (AI) and cloud infrastructure in Spain. Brad Smith, Microsoft’s vice chair and president, announced the investment after a meeting with the Prime Minister of Spain, Pedro Sánchez. Smith emphasized that the investment goes beyond building data centers and includes support for the country’s security, development, and digital transformation efforts.
This investment builds on Microsoft’s long-standing presence in Spain, as the company has been investing in the country for 37 years. In September 2021, Microsoft announced a new research and development hub for AI technologies in Barcelona, showcasing Spain’s talent in the digital sector.
Microsoft’s investment in Spain follows a similar commitment made in Germany on February 15. Over the next two years, the company plans to invest 3 billion euros to boost Germany’s AI infrastructure, establish new data centers, and provide AI skills training.
The influx of Big Tech companies into Europe for AI development aligns with the impending implementation of the EU AI Act legislation. On the same day as Microsoft’s investment in Germany, France’s Ministry of the Economy, Finance, and Industrial and Digital Sovereignty, along with Google, announced plans for an AI-dedicated hub in Paris. This hub will accommodate nearly 300 researchers and engineers to support France’s AI ambitions.
Furthermore, Google recently unveiled its “AI Opportunity Initiative for Europe,” pledging to invest 25 million euros in skills training for Europeans in the AI sector.
Overall, the investments from Microsoft and other tech giants demonstrate their commitment to advancing AI technologies and supporting the digital transformation of European countries.