Microsoft to expand its AI infrastructure in Spain with $2.1 billion investment


Microsoft to expand its AI infrastructure in Spain with $2.1 billion investment
US  software giant Microsoft will expand its artificial intelligence (AI) and cloud infrastructure in Spain through an investment of $2.1 billion in the next two years, the company's Vice Chair and President Brad Smith said in a post on social media site X. The move comes on the heels of its announcement of a 3.2 billion euros ($3.45 billion) AI-focused investment in Germany, spanning the next two years. Microsoft did not immediately respond to a Reuters request for further details on the investment in Spain. "Our investment is beyond just building data centers, it's a testament to our 37-year commitment to Spain, its security, and development and digital transformation of its government, businesses, and people," Smith said.  
Microsoft to expand its AI infrastructure in Spain with $2.1 billion investment

Comments

Post a Comment

Popular posts from this blog

Apple launches new 13-inch, 15-inch MacBook Air with M3 chip

Image
Apple launches new 13-inch, 15-inch MacBook Air with M3 chip Apple has unveiled its next-generation M3 MacBook Air range, in 13-inch and 15-inch sizes. With the M3 chip, the devices will have faster CPU and GPU performance, an upgraded Neural Engine, and up to 2x faster Wi-Fi, along with the ability to connect to two external displays at the same time. Available for order, the new MacBook Air range will be shipped from March 8. The ability to connect to two external displays had been a much-awaited feature in laptops. The feature comes with a small catch, not allowing MacBook Air desktop to be connected to external displays without the laptop lid being closed. If lid is open, only one external display will work like the previous M1 and M2 models. Being called the “world’s best consumer laptop for AI”, M3 MacBook Air features a faster 8-core CPU combined with up to 10-core GPU. With a faster 16-core Neural Engine, and upgraded Wi-Fi 6E, the device will allow for maximum theoretical do...
Read more

FICO to include 'Buy Now, Pay Later' data in US consumer credit scores

Image
FICO to include 'Buy Now, Pay Later' data in US consumer credit scores Starting later this year, Buy Now, Pay Later (BNPL) loans will be included in Americans' credit scores, giving lenders a clearer view of repayment behaviour. FICO has announced that its new models, FICO Score 10 and FICO Score 10 T, will incorporate BNPL data, marking the first time major credit scores reflect this growing payment method. BNPL loans let consumers split purchases into smaller payments, often for items like clothes, flights, or groceries. Until now, BNPL activity has been excluded from credit reports, leaving a gap in how lenders assess creditworthiness. FICO's decision aims to offer a more complete picture of an individual's financial behaviour. For younger consumers or those with limited credit histories, BNPL could help build credit. New York Times reported that BNPL could serve as a "credit-builder" if used responsibly. “FICO plans to launch a suite of credit scores...
Read more

Scientists expect PakSat MM-1 services from August

Image
Scientists expect PakSat MM-1 services from August The newly-lunched Pakistani satellite, PakSat MM-1, would be positioned in a geostationary orbit 36,000 kilometres above Earth and it would start delivery of services in August, scientists associated with the MM-1 project said on Sunday. PakSat MM-1, Pakistan’s second communication satellite, was launched into the orbit on Thursday from China's Xichang Satellite Launch Center (XSLC). Dr Khurram Khurshid, Head Electrical Engineering Department at the Institute of Space Technology (IST), said it would provide communication services. “The satellite will provide communication services like broadband internet, TV broadcasting, media and telecommunication. It … will play an important role in promoting economic activities besides e-commerce and e-governance,” Dr Khurshid said. The satellite launched by the Pakistan Space and Upper Atmosphere Research Commission (SUPARCO) with the support of China under the National Space Programme-2047,...
Read more