Microsoft to invest $400 million in Switzerland on AI, cloud computing
ZURICH :Microsoft will invest $400 million in Switzerland, the company said on Monday, with the money going towards developing its cloud computing and artificial intelligence infrastructure.
The U.S. tech company will announce the investment at a meeting of Swiss Economy Minister Guy Parmelin and its vice chair Brad Smith, Microsoft said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNA
an hour ago
- CNA
CNA938 Rewind - Stock take today: All eyes on India - growth bright spot amid global trade tensions
CNA938 Rewind On the daily markets analysis on Open For Business, Andrea Heng and Hairianto Diman speak with Abhilash Narayan, Investment Strategist, HSBC Global Private Banking & Wealth
CNA
3 hours ago
- CNA
Hewlett Packard beats Q2 results estimates on AI demand; records $1.36 billion charge
Hewlett Packard Enterprise beat Wall Street's second-quarter revenue and profit estimates on Tuesday, driven by demand for its artificial-intelligence servers and hybrid cloud segment. Shares of the server-maker, which also recorded an impairment charge of $1.36 billion in the reported quarter, rose 3.2 per cent in extended trading. The company has benefited from a surge in spending on advanced data center architecture, designed to support the complex processing needs of generative AI. The GenAI boom has bumped up demand for Hewlett Packard's AI-optimized servers, which are powered by Nvidia processors and can run complex applications. For the quarter ended April 30, the company reported revenue of $7.63 billion, ahead of analysts' average estimate of $7.45 billion, according to data compiled by LSEG. In the quarter, Hewlett Packard addressed the execution challenges that it experienced in the prior quarter, which enabled it to drive improved margin performance in the server business, CFO Marie Myers said during a post-earnings call. The company did not see a significant benefit from tariff-related demand pull-forward, she said. Adjusted profit per share for the second quarter was 38 cents, beating an estimate of 32 cents per share. Server revenue was up 5.7 per cent to $4.06 billion and revenue for the hybrid cloud segment grew 13 per cent to $1.45 billion. Hewlett Packard tightened its annual revenue forecast growth to be up 7 per cent to 9 per cent, compared to its prior forecast of 7 per cent to 11 per cent growth. "We continue to navigate a complex macroeconomic and geopolitical landscape and remain prepared to take additional action in the back half of the year to deliver against our fiscal 2025 outlook," Myers said. The company forecast third-quarter revenue between $8.2 billion and $8.5 billion, compared to an estimate of $8.17 billion.
CNA
5 hours ago
- CNA
Fernandes rejects Al-Hilal offer to stay at Manchester United
Manchester United captain Bruno Fernandes turned down the opportunity to join Saudi Pro League side Al-Hilal in order to keep playing "at the highest level", he said on Tuesday. The Portuguese midfielder admitted that he had considered the move, which media reports said was worth four times his current salary, after being contacted by Al-Hilal's president. "There was that possibility, the president of Al-Hilal called me a month ago to ask me about it," Fernandes, who is preparing to face Germany with Portugal, told reporters on Tuesday. "It was a big offer, very ambitious. There was a waiting period for me to think about the future." Fernandes ultimately decided to stay at United and said he was motivated by his desire to continue playing at the top level and encouraged by his family and the club's coach Ruben Amorim. "I would be willing to do it if Manchester United thought so," Fernandes added. "I spoke to the coach Ruben Amorim who really tried to talk me out of it. The club said they would not be willing to sell me, only if I wanted to leave. "I spoke to my wife and family, and she asked me what my personal goals were in my career. "It would have been easy to move there but I want to keep myself at the highest level, playing in the big competitions and I feel capable of it. I am happy with my decision." The 30-year-old Fernandes scored 19 goals and provided 19 assists in 57 appearances across all competitions for United last season, winning the club's Player of the Year award for the fourth time. However, it was a season to forget for the team, as they finished 15th in the Premier League, their lowest league finish in half a century, and lost the Europa League final to Tottenham Hotspur.
