Microsoft to invest $5b in Australian digital infrastructure
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The news: Microsoft says it will spend $5 billion on digital infrastructure, training and cyber security investments in Australia in a deal announced with the federal government.
The numbers: The software giant will spend the bulk of the $5 billion over two years to expand its hyperscale cloud computing and AI infrastructure in Australia. The investment will grow its data centres from 20 sites to 29 sites across Canberra, Sydney and Melbourne. Microsoft says it will also work with the Australian Signals Directorate to help improve defences against cyber threats and work with TAFE NSW to establish a Microsoft Datacentre Academy.
The context: Demand for cloud computing services is expected to almost double from $12.2 billion in 2022 to $22.4 billion in 2026, according to an International Data Corporation white paper commissioned by Microsoft.
What they said: "This is our largest investment in Microsoft’s 40-year history in Australia and a testament to our commitment to the country’s growth and prosperity in the AI era," said Brad Smith, Microsoft Vice Chair and President, in a statement.
"We’re coupling this A$5 billion in computing capacity and capabilities with AI and engineering that will strengthen the nation’s cyber defence, including a deeper collaboration with the Australian Signals Directorate."
The source: Microsoft Media Release
