Microsoft has reaffirmed its commitment to European expansion by unveiling a $2.1 billion investment in Spain to bolster its artificial intelligence (AI) and cloud infrastructure.
Brad Smith, the company’s vice chair and president, made the announcement following a meeting with Spain’s Prime Minister, Pedro Sánchez. The investment is set to materialize over the next two years, emphasizing Microsoft’s dedication not only to building data centers but also to contributing to the enhancement of Spain’s security and fostering the digital transformation of its government, businesses, and citizens.
I’m thrilled to announce that we will expand our AI and cloud infrastructure in Spain by $2.1B USD in the next two years. Our investment is beyond just building data centers, it’s a testament to our 37-year commitment to Spain, its security, and development and digital… https://t.co/arJnZzyDpc
— Brad Smith (@BradSmi) February 19, 2024
This significant financial commitment builds upon Microsoft’s longstanding relationship with Spain, which spans 37 years. In September 2021, the tech giant announced the establishment of a new Research and Development (R&D) hub for AI technologies in Barcelona, showcasing its confidence in Spain’s digital sector talent.
The recent investment in Spain follows closely on the heels of Microsoft’s $3 billion euros injection into Germany’s AI ecosystem on February 15. Over the next two years, Microsoft’s plans for Germany include strengthening AI infrastructure, constructing new data centers, and providing training to develop AI skills among the workforce.
This surge of investments by major tech companies in Europe aligns with a broader trend, coinciding with the imminent implementation of the European Union’s landmark EU AI Act legislation. Big Tech companies are strategically positioning themselves to contribute to AI development across the continent.
Preceding these developments, Google had already unveiled its “AI Opportunity Initiative for Europe,” earmarking 25 million euros ($26.9 million) for skills training in the AI sector for Europeans. As the tech giants intensify their focus on Europe, the continent is poised to become a central hub for AI innovation and development in the coming years.