Microsoft's is to double its research investment in Europe over the next two years.

"The reasons to invest are tremendous," said Rick Rashid, senior vice president for Microsoft Research, speaking at the Microsoft European Research and Innovation Day in Brussels.

Microsoft has six research labs on three continents working on more than 55 projects, Rashid said. About 700 researchers work on projects ranging from consumer-orientated technologies to high-performance computing.

But Microsoft's investments in Europe are not just beneficial for the company. Eventually, they will result in more jobs for the continent, Rashid said.

"It's about moving forward computer science, not just Microsoft's interests," he said.