Would you like to receive notifications on latest updates of the following headlines?

Microsoft to Invest $3.2Bln in Swedish Cloud, AI

POSTED ON June 4, 2024 •   Sweden      BY Abiodun Saheed Omodara
A Microsoft logo is seen a day after Microsoft Corp's $26.2 billion purchase of LinkedIn Corp, in Los Angeles, California, US, June 14, 2016. l Credit: Reuters

Microsoft has announced a significant investment of 33.7 billion Swedish crowns ($3.21 billion) to enhance its cloud and artificial intelligence infrastructure in Sweden over the next two years.

This marks the largest investment by Microsoft in Sweden to date and includes a commitment to training approximately 250,000 individuals in AI skills, equivalent to 2.4% of the population, to strengthen the country's competitiveness.

According to Microsoft Vice Chair and President Brad Smith, this investment signifies more than just technological advancement; it represents a dedication to ensuring widespread access to the necessary tools and skills for Sweden's people and economy to excel in the era of AI.

As part of the investment, Microsoft plans to deploy 20,000 advanced graphics processing units (GPUs) at its data center sites in Sandviken, Gavle, and Staffanstorp, which will accelerate computer calculations. Smith was scheduled to meet with Swedish Prime Minister Ulf Kristersson in Stockholm on Monday.

Furthermore, Microsoft is committed to promoting AI adoption across the Nordic region, which includes Denmark, Finland, Iceland, and Norway, in addition to Sweden.

READ ALSO
ECOWAS, Finland, Others Boost Diplomatic Ties
BY Benedicta Bassey August 16, 2024 0

The Economic Community of West African States and the Nordic countries of Denmark, Finland, Iceland,...

READ ALSO
Microsoft to Invest $3.2Bln in Swedish Cloud, AI
BY Abiodun Saheed Omodara June 4, 2024 0

Microsoft has announced a significant investment of 33.7 billion Swedish crowns ($3.21 billion) to e...

READ ALSO
Sweden Set To Return 39 Benin Artefacts
BY Benedicta Bassey May 16, 2024 0

The Swedish government has said it will return 39 pieces of Benin artefacts in its museum to Oba of...

READ ALSO
Sven-Goran Eriksson Reveals Pancreatic Cancer Diagnosis
BY Segun Adewole January 11, 2024 0

Former England football manager Sven-Goran Eriksson disclosed on Thursday that he has been diagnose...

READ ALSO
Turkey Parliament Committee Approves Sweden's Nato Bid
BY Segun Adewole December 26, 2023 0

A key committee in the Turkish parliament granted approval on Tuesday for Sweden's long-delayed bid...

READ ALSO
Iran Confirms Detaining Sweden's Eu Employee Johan Floderus
BY Segun Adewole November 8, 2023 0

Iran's judiciary confirmed on Tuesday the detention of a Swedish national employed by the European U...

READ ALSO
Authorities Probe Mosque Fire In Sweden
BY Segun Adewole November 8, 2023 0

Swedish authorities have launched an investigation into a devastating fire that engulfed and reduced...

READ ALSO
Support Sweden's Nato Bid, France Urges Turkey, Hungary
BY Segun Adewole November 8, 2023 0

France has called on Turkey and Hungary to fulfill their commitments and support Sweden's applicatio...

OUR CHANNELS:

Obasanjo Advocates for Effective Operators Over a Perfect Constitution in Nigeria
BY Abiodun Saheed Omodara July 17, 2025 0

Former President Olusegun Obasanjo says Nigeria needs the right operators of the constitution, not a...


FG Partners CILSS to Enhance Food and Nutrition Safety in Nigeria
BY Abiodun Saheed Omodara July 17, 2025 0

The Federal Government is intensifying its initiatives to improve food and nutrition safety through...


Awujale's Burial Liberation for Yoruba Traditional Institution - Oluwo of Iwo
BY Abiodun Saheed Omodara July 16, 2025 0

The Oluwo of Iwo, Oba Abdulrosheed Akanbi, has referred to the burial of the late Awujale of Ijebula...


Dangote Aims to Cut Cooking Gas Prices, Plans Direct Sales to Consumers
BY Abiodun Saheed Omodara July 17, 2025 0

President of the Dangote Group, Alhaji Aliko Dangote,  has revealed intentions to lower th...


Meta Cracks Down on Fake Profiles: Over 10 Million Accounts Removed
BY Abiodun Saheed Omodara July 17, 2025 0

Meta, the parent organization of Facebook, has intensified its initiatives to enhance the platform's...


Nation Mourns: Tears Flow at the Funeral of Former President Muhammadu Buhari
BY Abiodun Saheed Omodara July 17, 2025 0

Tears streamed down faces at the funeral for the late former president, Muhammadu Buhari, as his bod...


Oyo Speaker Advocate Creation of State Police amidst 700,000 Lives Lost to Insecurity
BY Abiodun Saheed Omodara July 17, 2025 0

The Speaker of the Oyo State House of Assembly, Adebo Ogundoyin, has advocated for the creation of s...


Police kill six suspected kidnappers in Delta
BY Abiodun Saheed Omodara July 17, 2025 0

The Delta Police Command reports that six kidnapping suspects have been eliminated in the state.&nbs...


US-Nigeria Trade Relations Face Significant Decline Amid New Tariffs
BY Abiodun Saheed Omodara July 17, 2025 0

The trade ties between the United States and Nigeria have encountered a notable decline, with offici...


President Tinubu Leads Tributes for Buhari and Oba Adetona
BY Abiodun Saheed Omodara July 17, 2025 0

President Bola Tinubu has guided countless Nigerians in grieving the loss of his predecessor, Muhamm...


More Articles

Load more...

Menu