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according to reports on october 3, microsoft said on wednesday that it plans to invest 4.3 billion euros ($4.8 billion) in italy over the next two years to strengthen its artificial intelligence (ai) and cloud operations in northern italy. infrastructure.

microsoft said in a statement that the investment would be the company's largest investment in italy to date. this will make the northern italy cloud region one of microsoft's largest data centers in europe, along with data centers for the mediterranean and north africa regions.

microsoft vice chairman and president brad smith met with italian prime minister giorgio meloni in rome on wednesday, the italian prime minister's office said in a notice, adding that the government welcomes the initiative that will strengthen italy's digital position in the mediterranean. invest.

on monday, meloni met larry fink, chief executive of us fund blackrock, to explore the possibility of traveling to rome to discuss support for data centers and energy infrastructure.

blackrock and microsoft announced last month a fund worth more than $30 billion to invest in artificial intelligence-focused data centers, artificial intelligence supply chains and energy procurement, saying the fund would first focus on the u.s. market. then focus on america's partner countries.

the demand for ai and cloud services is growing rapidly, with companies in industries as diverse as gaming and e-commerce offering differentiated products by integrating customized ai models (programs that use pattern recognition to make decisions).