Not everything is looking great within the record-setting Nasdaq.
Alphabet's Google said on Monday the completion of its data centre and cloud facilities expansion in Singapore meant it had invested $5 billion in its technical infrastructure in the Southeast Asian nation. The company said its data centres in Singapore employ over 500 people and are used to power services such as Google Search and Maps. Last week, Google said it would invest $2 billion in Malaysia to develop its first data centre in the country.
Microsoft will invest 33.7 billion Swedish crowns ($3.21 billion) to expand its cloud and artificial intelligence infrastructure in Sweden over a two-year period, the U.S. tech group said on Monday. The investment, Microsoft's biggest to date in Sweden, includes a pledge to help train some 250,000 people with AI skills, corresponding to 2.4% of the population that will help boost the Nordic country's competitiveness, it added. "This announcement goes beyond technology, it's a commitment to ensuring broad access to the tools and skills needed for Sweden's people and economy to thrive in the AI era," Microsoft Vice Chair and President Brad Smith said in a statement.