Microsoft to invest $100 million in Rio IT hub

Microsoft says it is investing $100 million in a new technology center in Rio de Janeiro.

The center is to house an advanced technology laboratory, a research and for the company's Bing search engine, as well as a business incubator aimed at promoting local startups.

It will be housed in an abandoned 18th century building, once Rio's first gas factory, in the city's downtown port, a now shabby district undergoing a vast makeover ahead of the 2016 Olympic Games.

Local officials speaking at a news conference where the project was unveiled on Thursday expressed hopes that Microsoft's investment would mark a turning point in their efforts to transform Rio into an IT hub, much like New York, Chicago, Los Angeles or Berlin.


Explore further

New mouse in the house: Brazil unveils species

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Citation: Microsoft to invest $100 million in Rio IT hub (2012, November 8) retrieved 5 July 2020 from https://phys.org/news/2012-11-microsoft-invest-million-rio-hub.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
0 shares

Feedback to editors

User comments