Microsoft to invest $2.7B to foster AI ecosystem in Brazil
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Microsoft (NASDAQ:MSFT) on Thursday announced plans to invest R$14.7 billion ($2.70 billion) in Brazil over three years to foster the development of an artificial intelligence ecosystem in the South American country.
This marks the largest single investment in the tech company’s 35-year history in the country and is part of a comprehensive local strategy that supports inclusive growth through technology, training programs and sustainability.
Microsoft (MSFT) plans to expand its cloud and AI infrastructure across multiple datacenter campuses in the state of São Paulo. It already operates two Azure regions locally: Brazil South, based in the state of São Paulo and announced in 2014, and Brazil Southeast, based in Rio de Janeiro, launched in 2020.
In addition, the company will launch a ConectAI program to provide AI skills training to 5 million people, with the goal of addressing the AI-driven workforce shift.
“We are committed to supporting the AI transformation in Brazil and ensuring it benefits everyone,” said Satya Nadella, CEO of Microsoft. “Our new investments in cloud and AI infrastructure and skills development in Brazil will help ensure broad access to both the technology and skills needed for Brazil’s people and economy to thrive in this AI era.”