Microsoft to Invest $3.21 Billion in AI and Cloud in Sweden, Partners with Ulf Kristersson

Jun 3, 2024, 12:10 PM

Microsoft plans to invest $3.21 billion in artificial intelligence and cloud facilities in Sweden. The investment, which will be spread over two years, aims to expand data center capacity and enhance AI infrastructure. Additionally, Microsoft has pledged to train 250,000 people in Sweden in AI skills by 2027. This initiative, announced alongside Swedish Prime Minister Ulf Kristersson, is part of Microsoft's broader strategy to boost Sweden's competitiveness in the technology sector.