Microsoft will invest $3.2 billion in AI development in Australia – Kommersant
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Microsoft is investing $5 billion Australian dollars ($3.2 billion) in the development of artificial intelligence (AI) and cloud technologies in Australia. About it stated today, October 23, Microsoft and Australian Prime Minister Anthony Albanese, who met with company representatives during his visit to the United States. The company plans to invest this amount over the next two years. Microsoft noted that this is the largest investment in Australia in the company’s history.
Among other things, Microsoft is going to increase the capacity of its data centers in the country by 45%. In addition, part of the amount will go toward training 300,000 Australians in the skills needed “to succeed in the digital economy.” In addition, Microsoft is going to expand cooperation with the Australian Signals Defense Agency, which deals with cybersecurity issues.
How note According to media reports, Microsoft made the decision to invest in Australia shortly after the country began developing legislation to regulate the development and use of AI, so that it can seek more favorable regulations for itself.
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