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Microsoft, Google to Invest Over $16 Billion to Expand AI Infrastructure in Europe -- Update

Microsoft and Google announced plans to invest over $16 billion to enhance AI infrastructure in Europe. Microsoft will allocate more than $10 billion for a data center in Portugal, collaborating with Nvidia and others, while Google will invest €5.5 billion ($6.36 billion) in Germany through 2029. These investments reflect a growing trend among U.S. tech companies to expand AI capabilities overseas, following the surge in demand for AI services since the launch of ChatGPT. Despite these commitments, AI investments in Europe remain significantly lower than those in the U.S.

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Microsoft To Build $10 Billion A.I. Data Centre Hub In Portugal

Microsoft plans to invest $10 billion in a new A.I. data centre hub in Sines, Portugal, marking one of the largest A.I. investments in Europe. The project will involve deploying 12,600 Nvidia GPUs and aims to utilize green energy sources. This investment aligns with the growing trend of companies shifting operations to the cloud and integrating A.I. technologies. Microsoft's stock has increased by 21% this year, trading at $506 per share.

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Microsoft plans to invest $10 billion in Portuguese AI data hub

Microsoft plans to invest $10 billion in AI infrastructure at a data center in Sines, Portugal, in collaboration with Start Campus, Nscale, and NVIDIA. This investment is part of a larger project to enhance AI capabilities in Europe, with a focus on responsible development. The initiative aims to position Portugal as a key player in AI, leveraging its strategic location for subsea cables and green energy projects. This investment follows a surge in demand for data centers since the launch of ChatGPT in 2022, as companies increasingly adopt cloud and AI technologies.

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Microsoft, Accenture Selected by Essity to Boost AI Adoption

Microsoft, Accenture Selected by Essity to Boost AI Adoption

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Accenture Wins AI Transformation Contract with Essity

Essity has chosen Accenture and Microsoft for a multi-year collaboration to enhance AI usage for productivity and growth. The partnership will focus on developing a cloud-based technology platform at Essity’s AI Centre of Excellence, utilizing Microsoft’s advanced technologies like Azure and Power Platform. The goal is to integrate data and AI into Essity’s core processes to improve efficiency and business agility.

Reuters·
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$Alphabet(GOOGL.US) Let me highlight another positive factor that I think is not fully priced in. I mentioned it briefly before. In the US, the signs of AI's integrated software-hardware alliances are...

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