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Microsoft (MSFT.US) to Invest USD17.9B in Australia by End-2029 to Boost Computing and AI Capabilities
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Microsoft (MSFT.US) said it will invest AUD25 billion (approximately USD17.9 billion) in Australia by the end of 2029 to enhance its computing and artificial intelligence capabilities. The investment will be used to expand its Azure AI supercomputing and cloud infrastructure, strengthen cybersecurity, and promote the development of AI skills in Australia. Microsoft announced in 2023 an AUD5 billion investment plan aimed at expanding its hyperscale cloud computing and AI infrastructure in Australia. According to Bridgewater data, Microsoft, together with Alphabet (GOOGL.US), Amazon (AMZN.US) and Meta (META.US), will invest a combined approximately USD650 billion this year to expand AI-related infrastructure. (fc/j) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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