Latest news with #GuyParmelin
India Gazette
a day ago
- Business
- India Gazette
Piyush Goyal begins Switzerland visit interacting with business leaders
Bern [Switzerland], June 9 (ANI): Union Commerce Minister Piyush Goyal began his two-day Switzerland visit with an interaction with CEOs of select Swiss companies and prospective investors in India over lunch on Monday. 'Glad to learn that the Swiss industry is looking forward to the implementation of the India-EFTA Trade and Economic Partnership Agreement. Promising opportunities lie ahead for India and Switzerland,' he wrote on X. Further, in a series of sectoral meetings, he interacted with the CEOs of several Swiss pharmaceutical and life sciences companies that are considering investing in India. 'Had an exciting interaction on their vision and growth plans. Glad to hear their appreciation for India's growth potential, innovation ecosystem and the 'Make in India' success,' Piyush Goyal wrote in another X post. Union Minister of Commerce and Industry Piyush Goyal, commenced his official visit to Switzerland on Monday, as part of his ongoing visit to Switzerland and Sweden from 9-13 June 2025. 'This visit underscores India's steadfast commitment to deepening strategic and economic partnerships with key European nations, advancing robust trade and investment ties, and supporting a shared vision for resilient global growth,' his ministry said in a statement. The itinerary includes focused sectoral meetings with prominent Swiss industry leaders in areas such as Pharma and Life Sciences, and Precision Engineering/Machine Tools/High-tech Manufacturing. The Minister will also connect with the ICAI Zurich Chapter and interact with Indian media. A significant highlight will be meeting with Federal Councillor Guy Parmelin fostering strong trade and diplomatic ties. 'A significant component of the high-level visit to Switzerland will include a series of one-on-one meetings with leading Swiss companies. Indian industry representatives will also participate in these crucial engagements, fostering direct dialogue and exploring specific collaboration opportunities. The day will also feature participation in the Swissmem Industry Day and a Business Round Table with the Swiss Mechanical and Electrical (MEM) Industry, where deliberations will focus on the potential and opportunities arising from the India-EFTA Trade and Economic Partnership Agreement (TEPA),' the commerce ministry statement said. (ANI)
Yahoo
6 days ago
- Business
- Yahoo
Microsoft Corporation (MSFT) Bets Big on Swiss AI With $400M Cloud Investment
We recently published a list of . In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against other AI stocks on Wall Street's radar. On June 2nd, Microsoft Corporation (NASDAQ:MSFT) announced that it will be investing $400 million in Switzerland to develop its cloud computing and artificial intelligence infrastructure. The investment was announced at a meeting of Swiss Economy Minister Guy Parmelin and his vice chair Brad Smith in Bern. The company currently employs up to 1,000 people in Switzerland. However, it did not indicate how many jobs the investment opportunity would create. Microsoft did note that the money would be used to expand and upgrade its four data centers near Geneva and Zurich, responding to increased demand for AI and cloud computing services in Switzerland. manaemedia / The company will also be expanding its partnership work with small and medium-sized companies and improving training efforts to help people use AI and digital tools. 'Switzerland has created one of the world's leading innovation ecosystems, blending world-class research with real-world applications.' Microsoft Corporation (NASDAQ:MSFT) provides AI-powered cloud, productivity, and business solutions, focusing on efficiency, security, and AI advancements. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Time of India
02-06-2025
- Business
- Time of India
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 announced the investment at a meeting of Swiss Economy Minister Guy Parmelin and its vice chair Brad Smith in Bern. Microsoft, which employs 1,000 people in Switzerland, did not give details on how many jobs the investment would create. The money will be used to expand and upgrade its four data centres near Geneva and Zurich, responding to increased demand for AI and cloud computing services in Switzerland, it said. The expansion will serve existing and new customers and allow data to remain within Swiss borders - an important requirement for sectors like healthcare, finance and government. Microsoft will also expand its partnership work with small and medium-sized companies and step up training efforts to help people use AI and digital tools. "Switzerland has created one of the world's leading innovation ecosystems, blending world-class research with real-world applications," Smith said in a statement.
Ammon
02-06-2025
- Business
- Ammon
Microsoft to invest $400 million in Switzerland on AI, cloud computing
Ammon News - 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 announced the investment at a meeting of Swiss Economy Minister Guy Parmelin and its vice chair Brad Smith in Bern. Microsoft, which employs 1,000 people in Switzerland, did not give details on how many jobs the investment would create. The money will be used to expand and upgrade its four data centres near Geneva and Zurich, responding to increased demand for AI and cloud computing services in Switzerland, it said. The expansion will serve existing and new customers and allow data to remain within Swiss borders - an important requirement for sectors like healthcare, finance and government. Microsoft will also expand its partnership work with small and medium-sized companies and step up training efforts to help people use AI and digital tools.
Asharq Al-Awsat
02-06-2025
- Business
- Asharq Al-Awsat
Microsoft to Invest $400 Million in Switzerland on AI, Cloud Computing
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 US tech company announced the investment at a meeting of Swiss Economy Minister Guy Parmelin and its vice chair Brad Smith in Bern. Microsoft, which employs 1,000 people in Switzerland, did not give details on how many jobs the investment would create, Reuters said. The money will be used to expand and upgrade its four data centers near Geneva and Zurich, responding to increased demand for AI and cloud computing services in Switzerland, it said. The expansion will serve existing and new customers and allow data to remain within Swiss borders - an important requirement for sectors like healthcare, finance and government. Microsoft will also expand its partnership work with small and medium-sized companies and step up training efforts to help people use AI and digital tools. "Switzerland has created one of the world's leading innovation ecosystems, blending world-class research with real-world applications," Smith said in a statement.
