Microsoft to invest $400 million in Switzerland on AI, cloud computing

ZURICH (Reuters) -Microsoft (MSFT) will invest $400 million in Switzerland, the company said on Monday, with the money going towards developing its cloud computing and artificial intelligence infrastructure.

The U.S. tech company announced the investment at a meeting of Swiss Economy Minister Guy Parmelin and its vice chair Brad Smith in Bern.

Microsoft, which employs 1,000 people in Switzerland, did not give details on how many jobs the investment would create.