Microsoft to Invest $10 Billion in AI Data Hub in Portugal (1)

Microsoft Corp. will spend $10 billion on an artificial intelligence data center along the Portuguese coast, marking one of its largest European investments this year, the company said.

The amount is planned for a data center park in Sines, about 150 kilometers (93 miles) south of Lisbon, that Microsoft is building out with Start Campus, a Portuguese developer, and British startup Nscale. Microsoft President Brad Smith first shared the funding plans with local newspaper Jornal de Negócios at the Web Summit in the Portuguese capital.

The first building of the Start Campus data center in Sines, Portugal.

Photographer: Zed Jameson/Bloomberg

A Microsoft spokesperson confirmed the funding amount but declined to comment further. A Start ...