Microsoft to Invest €4.3 Billion in Italy to Boost AI and Cloud Infrastructure
Published: Oct 07, 2024
Key Takeaways:
- Microsoft plans to invest €4.3 billion in Italy over the next two years.
- This investment will focus on expanding hyperscale cloud and AI infrastructure.
- Microsoft aims to train over 1 million Italians in AI and digital skills by 2025.
Microsoft has announced plans to invest approximately €4.3 billion in Italy over the next two years. This strategic move aims to significantly expand the hyperscale cloud and AI data center infrastructure.
In a press release, Microsoft emphasized that this is its largest-ever investment in Italy. The deal will establish Italy North as one of the biggest data center regions in Europe, helping local businesses comply with European data regulations. It will also solidify Microsoft’s presence in the region, positioning Italy as a key hub for its cloud and AI services.
“This landmark investment underscores our long-standing commitment to Italy’s digital transformation,” said Brad Smith, Vice Chair and President of Microsoft. “By expanding access to our AI technology and expertise, we are equipping the Italian government, businesses, and the broader workforce with the tools to build an AI-driven economy that creates jobs and drives prosperity.”
Microsoft launches initiative to train 1 million Italians in Digital and AI Skills by 2025
In Italy, Microsoft plans to launch new training programs to boost digital skills by the end of 2025. The company will collaborate with certified training providers, government bodies, industry partners, non-profits, universities, and associations to offer skilling programs for both students and professionals.
According to Microsoft, this initiative aims to train more than 1 million people in Italy. It will focus on AI-driven business transformation, technical AI skills, AI fluency, as well as the promotion of safe and responsible AI development.
In the past year, over 320 companies have joined Microsoft’s AI L.A.B. program in Italy. It lead to the creation of 450 generative AI projects, with around 50% of them already up and running.
Last month, Microsoft and BlackRock announced plans to invest over $30 billion in AI-focused data centers, energy sourcing, and AI supply chains. The partnership aims to raise $30 billion in private equity, potentially reaching a total investment of $100 billion when factoring in debt financing.