Sunday, May 19, 2024

Microsoft and Amazon with billion-dollar investments in France


Microsoft president Brad Smith announces the company’s biggest investment in France ever. Photo: Evan Vucci / AP / NTB

Of NTB | 13.05.2024 01:49:34

Economy and business: Microsoft is to invest 4 billion euros, or close to NOK 47 billion, to develop data centers in France. The centers will strengthen the company’s investment in artificial intelligence and cloud storage, the American data giant announced on Sunday.

Microsoft president Brad Smith tells the AFP news agency that it is the company’s largest investment ever in France. Microsoft entered the French market 41 years ago.

– France’s long-standing commitment to carbon-free energy markets, as well as the country’s status as an important leader in Europe, explains our decision, says Smith.

Most of the energy supply in France is based on nuclear power, which accounts for around 70 percent of consumption. Hydropower accounts for around 10 percent.

A new data center will be established in eastern France, while existing data centers in the Paris region and in Marseille will be expanded.

Earlier on Sunday, Amazon announced an investment of over 1.2 billion euros, or NOK 14 billion, in France. The Amazon venture will create over 3,000 new jobs, according to an announcement. The company will invest in the development of cloud storage, artificial intelligence and logistics infrastructure for parcel delivery services.

Microsoft is also investing heavily in Asia. At the end of April, the company announced that it will invest 1.7 billion dollars, an amount equivalent to over 18 billion kroner, in artificial intelligence and cloud storage in Indonesia.

(© NTB)


© Jaun News English