Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%BNB287.900.44%USDC1.000.01%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Business

Business

Microsoft to build AI hub on previously-owned Foxconn land in Wisconsin

Microsoft to build AI hub
Michael M. Santiago/Getty Images Michael M. Santiago/Getty Images
Microsoft to build AI hub
Michael M. Santiago/Getty Images Michael M. Santiago/Getty Images

Listen to the article now

Microsoft has announced a $3.3 billion plan to construct a data center in Wisconsin, with an emphasis on AI training for both manufacturers and employees. On behalf of his government, President Joe Biden will make a site visit to Mount Pleasant, Wisconsin, to reaffirm the nation’s dedication to investing in employment development.

The Trump administration had previously announced six years ago that electronics giant Foxconn would be investing $10 billion in the same Wisconsin location with the intention of creating 13,000 jobs—a plan that was never carried out. This project follows in those footsteps.

Microsoft intends to teach around 100,000 employees through the AI center, and the new facility is anticipated to provide 2,300 union construction jobs and 2,000 permanent positions in the long run. On top of that, Microsoft plans to set up shop at the UW–Milwaukee campus to help businesses and manufacturers with artificial intelligence (AI) integration.

MSc in computer science from UW–Milwaukee was earned by Satya Nadella, chairman and chief executive officer of Microsoft.

During his visit, Biden intends to bring attention to the aborted Foxconn project while simultaneously highlighting the accomplishments of his administration, such as the creation of Wisconsin jobs and investments in infrastructure and semiconductor chip manufacturing through laws such as the Bipartisan Infrastructure Law and the “Chips Act.”

Biden has already signed executive orders to improve access to technical help for entrepreneurs, aid small businesses in commercializing AI innovations, and increase funding for AI research across several industries, all in an effort to control AI. In addition, the government has made it mandatory for creators of AI systems to report any findings from safety tests to the federal government prior to their public release, by an executive order.

Wisconsin has been allocated substantial funds for forward-thinking sectors including clean energy and infrastructure as part of Vice President Biden’s larger plan to spur innovation in technology and increase employment opportunities.


Comment Template

You May Also Like

Business

Boeing Shareholders Approve : Boeing’s plan to pay out about $33 million (£25 million) to outgoing CEO Dave Calhoun in 2023 was approved by...

Business

  Neuralink’s first brain chip implant developed: Neuralink, Elon Musk’s pioneering brain chip implant startup, encountered a setback as the first test subject experienced...

Business

In the summer of 2018, Walt Disney and Warner Bros. Discovery will launch a subscription service in the US that combines Disney+, Hulu, and...

Business

Tesla tells its German factory: Fearing demonstrators will gather outside the gates to oppose an expansion, Tesla has announced that its factory in Berlin...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok