Huffpost Technology

Microsoft In Rio de Janeiro: Tech Giant To Invest $100 Million In New Brazilian Center

Posted: Updated:
MICROSOFT RIO DE JANEIRO
WikiMedia:

RIO DE JANEIRO (AP) — 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 development platform for the company's Bing search engine, as well as a business incubator aimed at promoting local Internet technology 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.

Earlier on HuffPost:

Close
9 Biggest Complaints About The iPhone 5
of
Share
Tweet
Advertisement
Share this
close
Current Slide

Suggest a correction

Around the Web

RIO DE JANEIRO: Microsoft to invest $100 million in Rio IT hub ...

New $100 million Microsoft investment aims to transform Rio de Janeiro into IT hub

Investing internationally: Microsoft pouring $100M into Brazil tech center ...

Microsoft will invest $100 million in Rio de Janeiro with new tech center

Microsoft Corporation (MSFT) Ready to Invest in Brazil, TV

From Our Partners