Skip to playerSkip to main content
Benzinga
  • 4 hours ago
Microsoft will invest $17.9B in Australia by end of 2029 to expand Azure AI supercomputing, cloud infrastructure, cybersecurity, and AI skills. CEO Satya Nadella called it Microsoft's largest-ever investment in Australia. The announcement follows a prior A$5B investment in 2023 focused on hyperscale cloud and AI infrastructure.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Microsoft said it will invest $17.9 billion in Australia by the end of 2029
00:08to expand computing and artificial intelligence capacity, according to Reuters.
00:13The company said the investment will grow Azure AI supercomputing and cloud infrastructure,
00:18strengthen cybersecurity, and boost AI skills.
00:22CEO Satya Nadella said the investment is Microsoft's largest in Australia
00:26and aims to support economic growth and societal benefit from AI.
00:30The announcement follows a prior $5 billion Australian investment in 2023
00:35focused on expanding hyperscale cloud computing and AI infrastructure in the country.
00:40For all things money, visit Benzinga.com.
Comments