German Chancellor welcomes Microsoft’s $3.5 billion AI investment in Germany
German Chancellor Olaf Scholz. (Image: AFP file)
“Not only are we the world’s most successful export economy in terms of the size of our country, but we are also a country that trades with the whole world, that invests everywhere, but also at home ,” the German chancellor said
German Chancellor Olaf Scholz on Thursday welcomed an announcement by Microsoft that it will invest about 3.3 billion euros (€3.3 billion) in Germany over the next two years to massively expand its data center capacities for applications in the fields of artificial intelligence and cloud computing. Will invest $3.5 billion).
“This is a really good commitment to progress, development, modernity and global openness as the basis for these opportunities,” he said, adding that this is also linked to the fact that Germany is very committed to becoming an open economy. Is. ,
“Not only are we the world’s most successful export economy in terms of the size of our country, but we are also a country that trades with the whole world, that invests everywhere, but also at home ,” They said. Said.
Microsoft President Brad Smith made the announcement in Berlin during a presentation with Scholz. The largest single investment in Microsoft in Germany in its 40-year history also includes an AI training program that aims to reach 1.2 million people, German news agency dpa reported.
To keep data latency between data centers and applications as low as possible, Microsoft wants to stay close to major customers such as pharmaceutical company Bayer AG and energy company RWE. The central German state of Hesse will also benefit from Microsoft’s investment.
