ZURICH, June 2 (Reuters) - Microsoft ( MSFT ) will
invest $400 million in Switzerland, the company said on Monday,
with the money going towards developing its cloud computing and
artificial intelligence infrastructure.
The U.S. tech company announced the investment at a meeting
of Swiss Economy Minister Guy Parmelin and its vice chair Brad
Smith in Bern.
Microsoft ( MSFT ), which employs 1,000 people in Switzerland, did
not give details on how many jobs the investment would create.
The money will be used to expand and upgrade its four
data centres near Geneva and Zurich, responding to increased
demand for AI and cloud computing services in Switzerland, it
said.
The expansion will serve existing and new customers and
allow data to remain within Swiss borders - an important
requirement for sectors like healthcare, finance and government.
Microsoft ( MSFT ) will also expand its partnership work with
small and medium-sized companies and step up training efforts to
help people use AI and digital tools.
"Switzerland has created one of the world's leading
innovation ecosystems, blending world-class research with
real-world applications," Smith said in a statement.