PYMNTS.com May 13, 2024
Microsoft Earmarks $4.3 Billion For AI/Cloud Projects in France
Microsoft says it is investing $4.3 billion toward tech projects in France.
The spending package will focus on cloud and artificial intelligence (AI) infrastructure, “AI skilling, and French Tech acceleration,” the company announced Monday (May 13), with the goal of training 1 million people and supporting 2,500 AI startups by 2027.
The news marks Microsoft’s largest investment in France in the tech giant’s 41-year history of doing business in the country.
It was announced as part of the annual “Choose France” summit, aimed at making the country into a financial hub for Europe. This year will see more than $14 billion in investments from global businesses, including a $1.29 billion AI-focused...
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