Microsoft Invests $4.8 Billion in Italy's AI, Cloud Infrastructure, Driving Job Creation

Oct 9, 2024, 04:55 AM

Microsoft is making a significant investment in Italy, committing $4.8 billion over the next two years to advance cloud and AI infrastructure in northern Italy. This investment includes the development of one of Europe's largest data centers and aims to position Italy as a Mediterranean tech hub, driving digital transformation and job creation. Additionally, Microsoft plans to launch an AI training program to skill up 1 million Italians. This move is part of a broader trend of substantial investments in AI and digital infrastructure globally, as seen with OpenAI's $6.6 billion boost and CoreWeave's $23 billion valuation.