MICROSOFT WILL MAKE $4.8 BLN AI, CLOUD INVESTMENT IN ITALY

Microsoft plans to invest 4.3 billion euros ($4.8 billion) over the next two years to strengthen its artificial intelligence (AI) and cloud infrastructure in northern Italy.

Microsoft said in a statement the investment would be the U.S. company's largest in Italy to date. It will make the cloud region ItalyNorth one of the biggest Microsoft data centres in Europe, working as a data hub also for the Mediterranean and north Africa.

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