Microsoft Investing $500 Million to Grow Digital Footprint in Quebec
22 November 2023 - 11:58PM
Dow Jones News
By Robb M. Stewart
Microsoft will invest $500 million to expand its digital
infrastructure footprint in Quebec as it accelerates its artificial
intelligence and computing capacity in Canada.
The technology company said Wednesday it plans to grow its cloud
computing and AI infrastructure in the province with the investment
over the next two years in an effort that also will massively
increase the size of its local cloud infrastructure footprint
across the country.
Chris Barry, president of Microsoft Canada, said the plans build
on past investment in Quebec and will provide the province's
private and public sector organizations with more capacity and
create a foundation to scale solutions faster to market and compete
globally, while preparing Quebec for a new AI economy.
Microsoft said the investment will expand its computing capacity
by about 240% over the next three years and accelerate the pace of
AI innovation, adding to capacity already in place across the
province that includes an existing datacentre region launched in
2016. The company said that future datacentre locations, which are
set to begin construction in the coming months in several cities,
will help meet Microsoft's sustainability goals to be carbon
negative, water positive and zero waste by 2030.
Plans for the investment coincides with the release of a report
from Ernst & Young that found that Microsoft and its ecosystem
in Quebec, which includes more than 3,200 partners and cloud
infrastructure accounts, supports more than 57,000 job, and
contributes billions of dollars annually to Quebec's gross domestic
product, Microsoft said.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
November 22, 2023 07:43 ET (12:43 GMT)
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