tl;dr
Microsoft (NASDAQ:MSFT) plans to spend €4 billion ($4.3 billion) in building cloud and AI infrastructure in France, and set up a data centre in the French city of Mulhouse, it said on Sunday. The announcement came on the eve of the Choose France Summit, the aim of which is to attract foreign investo...
Microsoft (NASDAQ:MSFT) plans to spend €4 billion ($4.3 billion) in building cloud and AI infrastructure in France, and set up a data centre in the French city of Mulhouse, it said on Sunday. The announcement came on the eve of the Choose France Summit, the aim of which is to attract foreign investors to the country. The U.S. firm (MSFT) aims to help train a million people and support 2,500 startups by 2027 in the European country, it said in a statement. In February, Microsoft announced a similar €3.2 billion investment into Germany, and has also announced plans to expand its artificial intelligence and cloud infrastructure in Spain by investing $2.1 billion over the next two years. Amazon (AMZN) Web Services meanwhile said that it would invest $1.3 billion into its French operations and create more than 3,000 permanent jobs in the country.
More about Microsoft Corporation
Microsoft Corporation is an American multinational technology company known for its production of computer software, consumer electronics, and personal computers. It offers the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Additionally, it produces the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. As of 2020, Microsoft ranked No. 21 in the Fortune 500 rankings of the largest United States corporations by total revenue. It is also considered one of the Big Five companies in the U.S. information technology industry, alongside Google, Apple, Amazon, and Facebook.
Sector: Technology
Industry: Services-Prepackaged Software
Market Cap: 308.25 Billion
Current Price: $35.97
Price Change: $2.93 (11.53%)
52-Week Range: $31.83 - $0.364
Revenue: 236.58 Billion
EPS: $472.18
Dividend (Yield): $0.2 (0.17%)
More about Amazon.com Inc
Company: Amazon.com Inc
Industry: Trade & Services, Retail-Catalog & Mail-Order Houses
Market Cap: $1,951,029,264,000
Current Price: $3.56
52-Week Range: $57.13
PE Ratio: 0.0638
Volume: 590,739,997
Average Volume: 226.66
EPS: 2.167
Dividend Yield: 0.125
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