Microsoft announced on Monday that it will invest $400 million in Switzerland, aimed at enhancing its cloud computing and artificial intelligence infrastructure.
The U.S. tech giant revealed this investment during a meeting in Bern with Swiss Economy Minister Guy Parmelin and its vice chair, Brad Smith.
Although Microsoft, which has 1,000 employees in Switzerland, did not specify how many jobs this investment would generate, it plans to use the funds to expand and upgrade its four data centers located near Geneva and Zurich, in response to the growing demand for AI and cloud computing services in the country.
Microsoft expansion will cater to both existing and new customers, ensuring that data remains within Swiss borders, which is crucial for industries such as healthcare, finance, and government.
Additionally, Microsoft intends to enhance its collaboration with small and medium-sized enterprises and increase training initiatives to assist individuals in utilizing AI and digital tools.
“Switzerland has created one of the world’s leading innovation ecosystems, blending world-class research with real-world applications,” Smith said in a statement.
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