Microsoft has taken a significant step to strengthen its artificial intelligence (AI) and cloud infrastructure in Europe. The company is continuing its investments in the region without slowing down, announcing a $2 billion investment for the development of AI infrastructure in Spain. Let’s note that this development is likely to impact AI coins. Let’s look into the details.
Microsoft Announces Investment for AI Sector
Following a meeting with Spanish Prime Minister Pedro Sánchez, Microsoft Vice President Brad Smith announced on social media platform X that the company will complete its investment in Spain within the next two years. This investment will not be limited to the construction of data centers. It will also contribute to the country’s security, development, and support for digital transformation.
According to Smith, Microsoft’s investment in Spain is the result of a 37-year process. Last September, the company opened a new research and development center for AI technologies in Barcelona.
This move follows Microsoft’s 3 billion Euro investment in AI in Germany. The company also announced it would invest funds to strengthen AI infrastructure, build new data centers, and educate people on AI skills in Germany.
AI Sector Continues to Expand
These developments are taking place at a time when the European Union is advancing in implementing legislation on AI. Major technology companies are not overlooking the potential in the European AI sector, making serious investments.
In addition to Microsoft’s initiative, Google’s planned AI specialty center in Paris and its AI Opportunity Initiative for Europe, which will invest in skill training for Europeans in the sector, seem set to further boost the potential in the region.
Developments Reflect on AI Coin Prices
At this stage, the AI field has become a sub-unit of the cryptocurrency sector. In this context, the term crypto-AI now refers to AI coins. Developments in the AI field worldwide are now directly reflecting on AI coin prices.
Recently, particularly after OpenAI’s market value doubled to $80 billion in just ten months, significant increases were observed in AI coin prices. In this context, Worldcoin saw a price increase from $2.50 to $8 in a short period.
