SAO PAULO, Sept 26 (Reuters) - Microsoft ( MSFT ) on
Thursday pledged to invest 14.7 billion reais ($2.70 billion) in
Brazil over three years to enhance its cloud infrastructure and
artificial intelligence (AI) in Latin America's largest economy.
WHY IT'S IMPORTANT
The amount is the largest-ever investment to be announced at
once in Brazil by Microsoft ( MSFT ), which said massive adoption of AI
could add as much as 4.2 percentage points to Brazil's economic
growth by the end of the decade.
ADDITIONAL CONTEXT
The investments are part of the broader "Microsoft Mais
Brasil" program disclosed by the U.S. tech giant in 2020 to
reinforce its long-term commitment to the South American nation.
The company said it will expand its cloud and AI
infrastructure in several datacenters in Sao Paulo state and
offer AI training to some 5 million people over the next three
years.
KEY QUOTES
"We are committed to supporting the AI transformation in
Brazil and ensuring it benefits everyone," Microsoft ( MSFT ) Chief
Executive Satya Nadella said.
Brazilian Vice President Geraldo Alckmin said the investment
proves the country can be a global AI protagonist, and
emphasized the renewable energy supply available in Brazil to
power datacenters.
($1 = 5.4376 reais)