Microsoft announced Monday that the U.S. technology company will invest 33.7 billion Swedish crowns ($3.21 billion) over two years to expand its cloud and artificial intelligence infrastructure in Sweden
The investment, the largest to date by Microsoft in Sweden, also includes a commitment to assist in the training of approximately 250,000 individuals with AI skills, or 2.4% of the population, which will increase the competitiveness of the Nordic country, the company added.
Microsoft Vice Chair and President Brad Smith said,
“This announcement transcends technology; it’s a commitment to ensuring broad access to the tools and skills necessary for Sweden’s people and economy to thrive in the AI era.”
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The company stated that it intends to implement 20,000 cutting-edge graphics processing units (GPUs), which accelerate computational processes, at its data center locations in Sandviken, Gavle, and Staffanstorp, Sweden, as a component of its investment.
On Monday, Smith was scheduled to attend a meeting in Stockholm with Swedish Prime Minister Ulf Kristersson.
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Microsoft declared its intention to increase the adoption of artificial intelligence throughout the Nordic region, including Sweden, Finland, Iceland, and Norway.