Microsoft Announces US$1.3 Billion Investment in Mexico for Cloud and AI Technology
Microsoft to invest US$1.3 billion in Mexico for cloud computing and AI technology. Focus on improving connectivity and promoting AI adoption among SMBs. Collaboration with Viasat to bring internet access to over 150,000 underserved Mexicans.
During an event in Mexico City, Chairman and CEO Satya Nadella expressed the company's commitment to expanding its presence in the region. The investment aims to improve connectivity and promote the adoption of AI technology among small and medium-sized businesses (SMBs), with a goal to impact 5 million Mexicans and 30,000 SMBs within three years.
Mexican companies like breadmaker Bimbo and cement producer Cemex are already leveraging Microsoft's AI tools, showcasing the practical applications of advanced technology in various industries. Microsoft is collaborating with communications company Viasat to extend internet access to over 150,000 previously underserved Mexicans without cellular connectivity by the end of 2025. This joint effort is expected to bridge the digital divide and provide more individuals with online access and opportunities.
Incoming Economy Minister Marcelo Ebrard expressed enthusiasm about the investment, highlighting the positive impact it will have on Mexico's technological advancement. Ebrard praised the initiative, stating that the planned investment will play a crucial role in rapidly enhancing Mexico's AI capabilities.
Microsoft to invest US$1.3 billion in Mexico for cloud computing and AI technology
Focus on improving connectivity and promoting AI adoption among SMBs
Collaboration with Viasat to bring internet access to over 150,000 underserved Mexicans
Source: REUTERS