Microsoft has unveiled plans to invest 33.7 billion Swedish crowns ($3.21 billion) to enhance its cloud and artificial intelligence (AI) capabilities in Sweden over the next two years. This marks Microsoft’s largest investment in the country to date.

As part of the initiative, the tech giant aims to train 250,000 individuals in AI skills, which represents approximately 2.4% of Sweden’s population, in a bid to bolster the nation’s competitive edge. Additionally, Microsoft will deploy 20,000 cutting-edge graphics processing units (GPUs) across its data centers in Sandviken, Gavle, and Staffanstorp to accelerate computational processes.

The announcement coincides with a scheduled meeting between Microsoft President Brad Smith and Swedish Prime Minister Ulf Kristersson in Stockholm on Monday. Microsoft reaffirmed its commitment to fostering AI adoption throughout the Nordic region, which includes Sweden, Denmark, Finland, Iceland, and Norway.