April

Big Tech giant Microsoft is set to invest 3.2 billion euros ($3.44 billion) into Germany in the next two years, primarily focusing on boosting its infrastructure for artificial intelligence (AI).&nbsp;
The funding announcement was made by the company’s president and vice chairman, Brad Smith, on Feb. 15 at an <a href="https://www.microsoft.com/de-de/berlin/veranstaltungen/fast-forward-ai/default.aspx" target="_blank" rel="noopener nofollow">event</a> held in Berlin about its future engagement plans for AI and cloud development in the country. 
Microsoft will focus on building new data centers in the country and training people in developing AI skills. <a href="https://www.reuters.com/technology/microsoft-invest-32-bln-eur-germany-ai-push-2024-02-15/" target="_blank" rel="noopener nofollow">According</a> to a report from Reuters, it is the most significant investment in Germany by Microsoft in 40 years. 
Europe is proving to be fertile ground for investment from major technology developers. On the same day, the Ministry of the Economy, Finance and Industrial and Digital Sovereignty of France released a <a href="https://presse.economie.gouv.fr/inauguration-par-bruno-le-maire-dun-hub-google-dedie-a-lintelligence-artificielle-jeudi-15-fevrier-a-11-h-30/" target="_blank" rel="noopener nofollow">statement</a> revealing Google’s plans to set up a new AI-dedicated hub in the country. 
According to the announcement, the center will be based in Paris and house nearly 300 researchers and engineers to support the country’s AI ambitions.&nbsp;
This announcement comes only a few days after Google announced its “<a href="https://cointelegraph.com/news/google-invests-25-million-ai-skills-europeans">AI Opportunity Initiative for Europe</a>”&nbsp;on Feb. 12. Through the scheme, Google said it would be investing 25 million euros ($26.9 million) in support of skills training for Europeans in the AI sector.&nbsp;
Related: <a href="https://cointelegraph.com/news/singapore-ai-hub-local-languages">Singapore becoming AI hub with commercial models in local languages</a>
Google said that it is working alongside governments in the European Union, along with civil society, academics and businesses to offer AI training to local startups, with 10 million of that targeting workers who will need such skills to avoid “being left behind.” 
The Italian government introduced a similar initiative in 2023, through which it said it would be <a href="https://cointelegraph.com/news/italy-sets-aside-millions-for-workers-at-risk-of-ai-replacement">putting aside millions of euros</a> for developing the digital skills of workers who risked losing their jobs due to automation and AI.&nbsp;
These investments in European AI infrastructure and skills come as members of the EU parliament prepare to set forth its landmark EU AI Act legislation. On Feb.13 regulators <a href="https://cointelegraph.com/news/eu-greenlights-ai-legislation">approved the preliminary agreement</a> for the legislation, with the parliamentary vote scheduled for April of this year. 
The EU AI Act would be one of the world’s first set of rules to monitor the development and deployment of AI, second only to China, which <a href="https://cointelegraph.com/news/china-s-new-ai-regulations-begin-to-take-effect">released its own set of rules</a> on the technology in August 2023. 
Magazine: <a href="https://cointelegraph.com/magazine/chatgpt-trigger-happy-nukes-sega-ai-tao-ai-eye/">ChatGPT trigger happy with nukes, SEGA’s 80s AI, TAO up 90%: AI Eye</a>

Microsoft to invest 3 billion euros into AI development in Germany

Cointelegraph

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