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 that the investment would be the American company's largest in Italy to date, foreign media wrote.
It will make the region in Northern Italy one of Microsoft's largest data centers in Europe, working as a data center also for the Mediterranean and northern Africa.
Microsoft chairman Brad Smith met with Prime Minister Giorgia Meloni in Rome on Wednesday, the prime minister's office said in a note, adding that the government welcomed an investment that would strengthen Italy's digital role in the Mediterranean.
BlackRock and Microsoft announced last month a fund worth more than $30 billion to invest in AI-focused data centers, AI supply chains and energy resources, saying it would first look at the US market and then partner countries of the USA.
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