Home technology cloud Microsoft to Invest €4 Billion in French Cloud and AI Services, Unveils Ambitious Plan for Economic Growth
Cloud
CIO Bulletin
2024-05-13
Microsoft sets sights on cloud infrastructure, aiming to train a million individuals and support thousands of startups by 2027.
In a significant move signaling its commitment to advancing artificial intelligence (AI) technology, Microsoft Corp. has announced plans to invest a staggering €4 billion ($4.3 billion) in building cloud infrastructure in France. This latest endeavor underscores the company's dedication to fostering innovation and economic growth in the European nation.
The US-based tech behemoth aims not only to strengthen its cloud capabilities but also to contribute to the development of AI services in France. According to a statement released by Microsoft, the investment is part of a broader strategy to train one million individuals and support 2,500 startups in the country by the year 2027.
Earlier this year, Microsoft made headlines with its €15 million investment in Mistral AI, a promising Parisian startup specializing in artificial intelligence. This strategic partnership highlights Microsoft's ongoing efforts to collaborate with and support emerging players in the AI sector, further solidifying its position as a key player in the global tech landscape.
With this substantial investment, Microsoft is poised to play a pivotal role in driving technological innovation and economic prosperity in France. By bolstering cloud infrastructure and nurturing the growth of AI-driven startups, the company aims to catalyze digital transformation and empower businesses and individuals alike to thrive in the digital age.
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