Microsoft to invest over $3B in Wisconsin for AI infrastructure

Microsoft (MSFT) is set to invest $3.3 billion to build AI infrastructure and training programs in Wisconsin. President Joe Biden will make the announcement with Microsoft president Brad Smith on Wednesday.

Yahoo Finance Tech Editor Dan Howley joins The Morning Brief to discuss Microsoft's investment, which includes local education and business development programs.

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This post was written by Nicholas Jacobino

Video Transcript

Microsoft doubling down on A I investing over $3 billion to build out infrastructure in Wisconsin.President Biden heading to Wisconsin today to make the announcement with Microsoft President Brad Smith Yahoo Finance's Dan Halley joins us now.Hey, Dan, what do we know about this?That's right, Brad, this is a $3.3 billion infrastructure investment from Microsoft in Racine Wisconsin.This is the same place where uh President Trump had talked about Foxconn building a massive facility for uh displays.They ended up cutting that back significantly.Uh And uh not really meeting those uh ambitious goals.Uh And so now Microsoft is moving into this space uh with this facility, it's gonna be a data center.Uh obviously with A I exploding, they need board data center as part of the uh issue that Microsoft said in their last earnings call was that the reason why uh they didn't see more A I revenue in the quarter was because they just couldn't meet demand for A I needs.So this will help them build that out.Uh In addition to that they're going to offer uh educational programs for uh nearby uh residents so that they can train up in A I uh as well as a program to get uh local business leaders to start using A I.And so this is all part of kind of Microsoft's effort to kind of smooth the transition uh for companies into uh more A I use cases while continuing to build out the facilities that they, they need to to run this kind of technology.All right, Dan, thanks so much for bringing that down for us again, Microsoft shares though, still under a bit of pressure here following the open off just about 2/10 of a percent.Dan.Thanks.