XLK - Microsoft's €4B French AI Push: Tech Expansion Reportedly Intensifies | Benzinga
Technology giant Microsoft Corp (NASDAQ:MSFT) reportedly intends to invest €4 billion ($4.3 billion) in constructing cloud and AI infrastructure in France, marking its latest significant expenditure in artificial intelligence technology.
Microsoft aims to train a million individuals and support 2,500 startups by 2027 in France, according to a report from Bloomberg.
France prioritizes AI development, with support from national funds and local billionaires, particularly backing companies like Mistral and Kyutai, both established in 2023.
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