In a whirlwind of advancements witnessed across the global AI landscape recently, Microsoft’s Vice Chair and President, Brad Smith, unveiled the tech giant’s plans to invest a staggering $2.1 billion for AI expansion and development in Spain. This move sparked immense curiosity across the AI industry as it emerged following OpenAI’s recent Sora launch.

Being OpenAI’s ex-bromance partner in revolutionizing tech, Microsoft levels its stance with the abovementioned investment. Pedro Sanchez, Spain’s prime minister, further spotlighted this colossal investment, garnering noteworthy attention globally.

With Microsoft’s AI expansion plans surfacing post-Sora launch, the community gears up for further noteworthy announcements as this investment quadruples the tech giant’s previous blueprints for AI development in Spain.

Meanwhile, as the global race for AI development heats up, OpenAI’s CEO Sam Altman’s Worldcoin project, an AI-meets-crypto project, also gained notable traction in recent days, mirroring the global AI evolution witnessed in this epoch.

Spain Ramps Up With Microsoft’s Investment

Notably, Brad Smith’s post shared on X stated that plans to expand Microsoft’s AI and cloud infrastructure in Spain by a staggering $2.1 billion will take place over the next two years. The tech giant’s commitment zeroes in on numerous aspects, rather than just building data centers.

“It’s a testament to our 37-year commitment to Spain, its security, and development and digital transformation of its government, businesses, and people,” according to Brad Smith’s statement. This levels up Spain’s positioning in the global race for developing AI.

In the interim, Pedro Sanchez, Spain’s prime minister, further expressed gratitude to Microsoft’s president, pointing out the tech firm’s confidence in the Spanish economy and its roadmap for an inclusive and secure digital transformation. The prime minister also ruled out key cooperation opportunities identified within the nation, eyeing cybersecurity and the promotion of artificial intelligence in Public Administration. “Public-private collaboration is essential to successfully face the challenges of digital transformation,” stated Pedro Sanchez.

The aforementioned chronicle, as a whole, solidifies Spain’s staging as a pioneer in the realm of AI, promoting the newly evolving tech while also promptly regulating it. Meanwhile, OpenAI’s minority investor, Microsoft, seems to be leveraging OpenAI’s positioning as a leading AI-services firm.

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Sam Altman’s OpenAI Continues To Pioneer AI Development

Intriguingly, OpenAI retains its stance as a firm that pioneers in offering AI-related services, as seen by its new Sora launch. Sora, the world’s first text-to-video platform, further catapults the AI firm’s positioning within the industry.

OpenAI has already been a pioneer since it launched its chatbot, ChatGPT. It further maintained its placing at the industry’s zenith with the upgraded models of ChatGPT, offering a plethora of new features to its users.

Meanwhile, Sam Altman’s AI-meets-crypto project, Worldcoin, also gained notable traction in recent days. Worldcoin’s native token, WLD, showcased a remarkable bull run recently, birthing additional inferences over AI’s immense potential and growth.

Also Read: BitWise Bitcoin ETF Enters $30B Investment Advisor Network

The post Microsoft’s $2 Bln AI Expansion Plan Sparks Curiosity Amid OpenAI’s Sora Buzz appeared first on CoinGape.

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Filed under: News - @ February 20, 2024 8:17 am