Microsoft, the U.S. software giant, has unveiled plans to invest 3.2 billion euros ($3.44 billion) in Germany over the next two years, with a primary emphasis on artificial intelligence (AI).
Brad Smith, Chairperson of Microsoft, made the announcement at an event held in the German capital on Thursday, marking the company’s largest investment in Germany in the past four decades.
The significant investment will primarily be allocated towards establishing data centers and providing training programs in artificial intelligence throughout 2024 and 2025. Smith highlighted the company’s profound confidence in Germany as the driving force behind this substantial commitment.
German Chancellor Olaf Scholz expressed appreciation for the investment, characterizing it as a vote of confidence in Europe’s largest economy. Marianne Janik, CEO of Microsoft Germany, refrained from specifying the precise locations of the investments.
However, she indicated that the focus would predominantly be on regions such as the western Rhineland area and the vicinity of Frankfurt, a prominent banking hub.
Microsoft’s decision to bolster its presence in Germany underscores the country’s growing significance as a key market for technology investment. The focus on artificial intelligence aligns with broader global trends, reflecting Microsoft’s strategic vision and commitment to innovation in this transformative field.
