Microsoft plans to invest $10 billion in Portuguese AI data center

Microsoft has announced plans to invest $10 billion in a new artificial intelligence data center on the Portuguese coast, which will be one of the largest of its kind. The project will be implemented in partnership with the Portuguese company Start Campus. The funding will expand Microsoft's computing infrastructure to meet the growing demand for digital services.

Source Minfin

In the course of this project, Microsoft has already signed a multi-year capacity lease agreement, as the company is facing a shortage of computing resources. It has also signed contracts with several "neocloud" providers to boost its computing capabilities. The initiative to invest in the Portuguese center is part of Microsoft's broader strategy, which includes plans to invest more than $15 billion in infrastructure in the UAE and nearly $10 billion in Norway.

The move underscores Microsoft's commitment to expanding its AI capabilities and meeting the growing demand for data processing capacity. With active investments in different countries, the corporation demonstrates its intention to strengthen its position in the global technology market.