Microsoft to invest $3.2 billion to expand AI, cloud infra in Sweden

Microsoft will invest 33.7 billion Swedish crowns ($3.21 billion) to expand its cloud and artificial intelligence infrastructure in Sweden over a two-year period, the U.S. tech group said on Monday.

The investment, Microsoft’s biggest to date in Sweden, includes a pledge to help train some 250,000 people with AI skills, corresponding to 2.4 per cent of the population that will help boost the Nordic country’s competitiveness, it added.