Microsoft announces USD23b in new AI investments in India, Canada
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The news: Microsoft CEO Satya Nadella said that the tech giant will invest USD17.5 billion ($26.35 billion) in AI and cloud computing in India, alongside a CAD7.5 billion investment to boost AI infrastructure in Canada over the next two years.
The context: Nadella announced the India investment via an X post on Tuesday after meeting with Prime Minister Narendra Modi.
Nadella wrote: “To support the country’s ambitions, Microsoft is committing USD17.5B—our largest investment ever in Asia—to help build the infrastructure, skills, and sovereign capabilities needed for India’s AI first future.”
The country is attracting attention from AI players keen to capitalise on the country’s killed engineers, established technology services industry and huge 1.45 billion population. Anthropic CEO Dario Amodei visited India in October as the AI company began expanding operations in the country.
Microsoft also announced on Tuesday that it would invest CAD7.5 billion in Canada over the next two years, bringing its total estimated investment in Canada to CAD19.5 billion between 2023 and 2027.
Microsoft vice chair and president Brad Smith said in a blog post that the investment in Canada will expand its Azure Local cloud offering and would launch a ‘Threat Intelligence Hub’ to focus on cybersecurity protection and AI security research.
The sources: Satya Nadella X, Microsoft blog post
