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.”
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.
Microsoft declared its intention to increase the adoption of artificial intelligence throughout the Nordic region, including Sweden, Finland, Iceland, and Norway.