Microsoft invested $ 2.2 billion in AI and Cloud in Malaysia
Microsoft invested $ 2.2 billion in AI and Cloud in Malaysia
On Thursday, May 2nd, 2024, Microsoft confirmed a 2.2-billion-dollar investment in AI (Artificial Intelligence) and cloud computing in Malaysia, aiming to expand the country’s Artificial Intelligence infrastructure. Satya Nadella, the company’s CEO (Chief Executive Officer), is on a 3-nation visit to Southeast Asia (Indonesia, Thailand, and Malaysia) to invest in data centers (AI and cloud) services. “On this day,
Microsoft declared it will be investing 2.2-billion-dollars during the following 4 years to help Malaysia’s digital development, the biggest investment it has made in its 32-year history in the nation,” the company claimed in a statement issued as CEO Satya Nadella delivered a speech at the event in Kuala Lumpur. Additionally, it stated that the funds would be used to construct artificial intelligence (AI) and cloud infrastructure in Malaysia, establish an AI center of superior performance, and provide AI training to up to (200,000) Malaysians. “We are dedicated to assisting Malaysia’s AI (Artificial Intelligence) transition and ensuring that it advantages all Malaysians,” Nadella further stated in the remarks. “Our investments in technological capabilities and skilling will enable Malaysian firms, communities, as well as developers to use cutting-edge technology to create equitable economic development and creativity throughout the country.”
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Furthermore, he additionally verified the investment in his main speech, stating that he was very thrilled to share the news of the development. “We truly aim to take steps to make a guarantee that we’ve got outstanding infrastructure situated here in the nation so that every organization, every software builder, every beginning, can utilize it to build not only for this country but also for the globe and the region,” he informed the audience. CEO Satya Nadella made his promise after announcing a 1.7-billion-dollar investment in Indonesia and Thailand’s 1st data center area this week to expand cloud and artificial intelligence (AI) technology. According to a press release issued by global consulting company Kearney, artificial intelligence (AI) is expected to contribute a 1-trillion-dollars to Southeast Asia’s GDP by the year 2030, with Malaysia accounting for more than a 10th of that.
Microsoft’s development of important cloud and AI infrastructure, along with AI skilling possibilities, would greatly strengthen Malaysia’s digital capabilities,” Malaysian Trade Minister Zafrul Abdul Aziz remarked. As per its official website, Microsoft started activities in Malaysia in 1992 and presently has over 200 workers spread among locations in Kuala Lumpur as well as northern Penang state. Investors have been rewarding the firm handsomely since it continued to push into the generative AI space, beginning with its 13-billion-dollar agreement with OpenAI,
The inventor of ChatGPT, in the year 2023. CEO Satya Nadella says this week that sales in January-March increased 17 percent year on year to 61.9 billion dollars, including net profit up 20 percent to 21.9 billion dollars. The use of artificial intelligence (AI) has increased sales of Microsoft’s essential cloud services, particularly Azure, which have formed the foundation of the company under CEO Satya Nadella’s guidance.
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