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Wednesday 21st of May 2025 E-paper
* Turkish Airlines plane makes emergency landing in Dhaka after engine fire   * CA directs creating fund to manage looted assets   * Europe seeks Trump`s input on Russia talks   * Magura child rape: Hitu Sheikh sentenced to death, 3 acquitted   * 3 children among 5 burnt in cylinder blast at Aftabnagar   * Govt accepted JnU protesters` demands: UGC chairman   * 3 killed as freight tractor overturns in Rangamati   * Malaysia reopens labour market for Bangladeshis, 7,926 to go in 1st phase   * 3 of a family die from electrocution in Gaibandha   * Advisers Council approves 2 ordinances, 2 policies  
   Technology
  Microsoft to invest $3.2 bn in AI in Sweden

Technology Desk : Microsoft said Monday it would invest 33.7 billion kronor ($3.2 billion) over two years in cloud and artificial intelligence infrastructure in Sweden, its biggest investment in the country, reports AFP.

The group will train 250,000 people by 2027 to boost AI knowledge and competence and also increase capacity at its three data centres in the country, it said.

"Microsoft`s largest investment in our history in Sweden" would enable the Scandinivian country "to build world leading AI data centre infrastructure," the company`s president and vice chair Brad Smith told reporters at a joint press conference with Swedish Prime Minister Ulf Kristersson.

"A big part of the reason we`re able to do this is because of Sweden`s forward-looking energy policy, the plentiful access to green energy, whether it`s carbon free energy, or renewable energy," Smith said.

The US group has in recent months announced similar AI investments in other countries, including in France where it vowed to invest four billion euros and Japan where it announced a $2.9 billion AI push.

In Sweden, Microsoft will provide more than 20,000 graphic processing units (GPUs), needed for training AI models, and will boost capacity at its data centres in Sandviken, Gavle and Staffanstorp.

"AI is a catalyst for many things," Kristersson said.

"It will also help accelerate development in other areas. This huge investment in Sweden has the potential to pave the way for other investments," he said.



  
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