Microsoft to Invest $2.1 Billion for AI Expansion and Development in Spain, Solidifying Country's Positioning as Pioneer in AI Industry

Microsoft plans to invest $2.1 billion for AI expansion and development in Spain, according to Vice Chair and President Brad Smith. This investment follows OpenAI's recent Sora launch and solidifies Spain's positioning as a pioneer in AI. Pedro Sanchez, Spain's prime minister, expressed gratitude to Microsoft's president and highlighted the tech firm's confidence in the Spanish economy and its roadmap for an inclusive and secure digital transformation. Meanwhile, OpenAI continues to pioneer AI development with its new Sora launch and AI-meets-crypto project, Worldcoin.

Microsoft

Original Link

Comments

All Comments

Recommended for you

CointimeSG ·

Decoding Bitcoin MEV: Insights and Implications

The concept of Bitcoin MEV (Miner Extractable Value) emerged as early as 2013. Although fairly nascent relative to MEV on Ethereum, the burgeoning Bitcoin ecosystem with the introduction of metaprotocols such as BRC-20s, Ordinals, Runes promises to bring more programmability, expressivity, and MEV opportunities in future.
CointimeSG ·

Bitesize Insights: BTC active addresses accelerate - what about TON, BNB, and SOL?

Glassnode now supports BNB and TON metrics, enabling ecosystem analysis across chains. Read below to see how you can perform a simple yet effective comparative analysis of key fundamental data with Bitcoin's $100K milestone as a backrop.
CointimeSG ·

Volume 210: Digital Asset Fund Flows Weekly Report

Bitcoin ETFs saw the largest inflows on record last week totalling US$3.12bn
CointimeSG ·

Hong Kong’s ZA Bank is first bank in Asia to launch retail crypto services

Hong Kong digital bank Zhong An Bank (ZA Bank) unveiled a retail cryptocurrency trading service.
CointimeSG ·

NFTs record $158M weekly sales volume, led by Ethereum, Bitcoin

November has already surpassed October’s total volume, continuing strong market momentum for NFTs.
CointimeSG ·

Ex-partner tosses $716M Bitcoin wallet, says ‘tired of hearing about it’

James Howells’ $716 million Bitcoin fortune in a landfill has sparked legal battles, and his ex-partner now claims she followed his instructions to discard the hard drive.
XEX officially launched the Slerf/USDT perpetual contract at 19:00 (UTC+8) on November 22

On November 22nd, XEX officially launched the Slerf/USDT perpetual contract at 19:00 (UTC+8).
Binance will launch SLERFUSDT and SCRTUSDT perpetual contracts

Binance will launch SLERFUSDT and SCRTUSDT perpetual contracts with a maximum leverage of 75x on November 21, 2024 at 11:30 (UTC).
Lido is preparing a blockchain identity verification platform codenamed "Y" to compete with World Network

According to insiders, Cyber Fund, led by Lido co-founders Konstantin Lomashuk and Vasiliy Shapovalov, is preparing a blockchain identity verification platform codenamed "Y" to directly compete with Sam Altman's World Network. Unlike World Network, which uses iris scanning for identity verification, the Y project will use users' social media and blockchain activity data, combined with Ethereum Attestation Service, to verify their identity. The solution aims to address the risk of biometric data leakage and minimize the potential for fraud.
The country's first digital RMB-based intellectual property securitization product was successfully issued

"Yongxing-Guofu-Ningbo Intellectual Property Asset Support Special Plan (Specialization and Innovation)" with Yongzheng Asset Management as the manager and Yongxing Securities as the sales organization held a listing ceremony on the Shanghai Stock Exchange. The first issue size was 138 million yuan, with a term of 1 year and a coupon rate of 2.2%. The product's priority bond rating was AAA, and it was the first knowledge-based securities product to be invested in digital RMB form nationwide, and also a breakthrough in the Ningbo knowledge-based securities project.