Microsoft announces $3.3 billion investment in Wisconsin to spur artificial intelligence innovation and economic growth
Rhea-AI Summary
Microsoft has announced a $3.3 billion investment in Wisconsin to boost AI innovation and economic growth. The investment includes cloud computing and AI infrastructure, a manufacturing-focused AI co-innovation lab, and an AI skilling initiative. President Joe Biden will join Microsoft for the announcement. The investments aim to create long-term benefits for the state's economy and job market.
Positive
Investment in cloud and AI infrastructure with $3.3 billion to expand national capacity.
Creation of the country's first manufacturing-focused AI co-innovation lab.
AI skilling initiative to upskill more than 100,000 residents by 2030.
Partnerships with educational institutions like Gateway Technical College for training and certification programs.
Investing in local education and youth employment programs to support the community.
Partnership with National Grid for a 250 megawatt solar project to support the environment.
Negative
No negative aspects reported in the press release.
News Market Reaction
On the day this news was published, MSFT gained 0.29%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
President Joe Biden to join Microsoft for announcement in Mount Pleasant
MOUNT PLEASANT, Wis., May 8, 2024 /PRNewswire/ -- Microsoft today announced a broad investment package designed to strengthen the role of
"
These investments will be rolled out in a four-part strategy designed to create long-term benefits for the state's economy and job market.
Investing in cloud and AI infrastructure
First, Microsoft will invest
Along with building a physical data center, Microsoft will partner with Gateway Technical College to build a Data Center Academy to train and certify more than 1,000 students in five years to work in the new data center and IT sector jobs created in the area.
"This is a watershed moment for
Transforming businesses of all sizes in every industry
Second, to help build a thriving regional AI innovation economy, Microsoft will establish a manufacturing focused AI Co-Innovation Lab on the campus of the University of
The lab will connect with TitletownTech in
"The Green Bay Packers are excited to continue our partnership with Microsoft, which we first established with TitletownTech near Lambeau Field, and now will expand and enhance as we collaborate with the AI Co-Innovation Lab," said Mark Murphy, President and CEO of the Green Bay Packers.
Creating a future-ready workforce
Third, reflecting the critical role of education and training in AI transformation, Microsoft will partner with United Way Wisconsin, United Way Racine, and other community partners, to upskill more than 100,000 people across
In addition, Microsoft will work with Gateway Technical College to train and certify 3,000 local AI software developers and provide opportunities for 1,000 local business, civic and government leaders to participate in immersive bootcamps where they can learn how to effectively adopt generative AI into their organizations.
These initiatives underscore Microsoft's commitment to equipping the workforce with the tools needed for success in an increasingly AI-driven economy.
Reinforcing the community's central role
And finally, a strong and vibrant economy isn't possible without a strong and vibrant community. That's why Microsoft will invest in a series of long-term local education and youth employment programs to support the very community that is supporting us.
In partnership with the Racine Unified School District (RUSD), Microsoft will work with Girls in STEM to expand its program to two additional RUSD middle schools. This expansion will provide access to STEM education for more than 500 middle school-aged girls over the next five years. Working with
Microsoft will also continue to distribute Equity Through Technology and STEAM Grant Funds to the more than 12,000 people across
These announcements build on
Investing in the environment
Mindful that the expansion of its business must be done in a manner consistent with protecting the environment and expanding affordable energy access for everyone, Microsoft has partnered with National Grid to build a new 250 megawatt solar project in
We are working to ensure water is managed responsibly. The new datacenter will use recycled water by employing a closed loop cooling system that does not require any additional water after startup. This is a major step towards sustainability and responsible resource management. A relatively small portion of the facility will use water for cooling, but only when the temperature outside is very warm.
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SOURCE Microsoft Corp.