Microsoft will invest $2.2 billion in cloud and AI services in Malaysia
7 months, 3 weeks ago

Microsoft will invest $2.2 billion in cloud and AI services in Malaysia

Associated Press  

KUALA LUMPUR, Malaysia — Microsoft is investing $2.2 billion over the next four years in Malaysia’s new cloud and artificial intelligence infrastructure as well as partnering with the government to establish a national AI center, its CEO Satya Nadella said Thursday. “Our investments in digital infrastructure and skilling will help Malaysian businesses, communities and developers apply the latest technology to drive inclusive economic growth and innovation across the country.” Nadella on Tuesday also announced a $1.7 billion investment in cloud and AI services in Indonesia during his visit there as part of his Southeast Asia tour. Nadella earlier met Prime Minister Anwar Ibrahim, who said the investment will be the key support pillar for the government’s goal to enhance AI capacity in Malaysia. “Together with Microsoft, we look forward to creating more opportunities for our and better paying jobs for our people as we ride the AI revolution to fast-track Malaysia’s digitally empowered growth journey,” Trade Minister Zafrul Aziz said in the statement.

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Microsoft's AI Momentum in India: A Transformative Opportunity for the Country
1 month, 3 weeks ago

Microsoft's AI Momentum in India: A Transformative Opportunity for the Country

The Hindu  

Microsoft India President Puneet Chandok highlights the growing momentum around artificial intelligence (AI) in the country, with a focus on the AI assistant 'Copilot'. He emphasizes Microsoft's commitment to responsible AI development and compliance with regulatory frameworks. Chandok expresses optimism about India's potential as a major AI hub, citing strong demand and supply sides, including a large pool of skilled …

Microsoft will invest $2.2 billion in cloud and AI services in Malaysia
7 months, 3 weeks ago

Microsoft will invest $2.2 billion in cloud and AI services in Malaysia

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Microsoft is investing $2.2 billion …

Microsoft will invest $1.7 billion in AI and cloud infrastructure in Indonesia
7 months, 3 weeks ago

Microsoft will invest $1.7 billion in AI and cloud infrastructure in Indonesia

Associated Press  

JAKARTA, Indonesia — Microsoft will invest $1.7 billion over the next four years in new cloud and artificial intelligence infrastructure in Indonesia — the single largest investment in Microsoft’s 29-year history in the country — Microsoft CEO Satya Nadella said Tuesday. A study held by Kearney, a global consulting firm, said that AI could contribute nearly $1 trillion to Southeast …

Microsoft to invest USD 1.7 bn in Indonesia for cloud, AI infrastructure
7 months, 3 weeks ago

Microsoft to invest USD 1.7 bn in Indonesia for cloud, AI infrastructure

India TV News  

Microsoft has announced that it will invest USD 1.7 billion in the next four years in new cloud and artificial intelligence infrastructure in Indonesia. Satya Nadella, Chairman and CEO, of Microsoft, said, "The investments we are announcing today -- spanning digital infrastructure, skilling, and support for developers – will help Indonesia thrive in this new era.” As per the company, …

Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products
7 months, 4 weeks ago

Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products

Associated Press  

Microsoft on Thursday said its profit rose 20% for the January-March quarter as it tries to position itself as a leader in applying artificial intelligence technology to make workplaces more productive. Quarterly revenue from Microsoft’s cloud computing business segment grew to $26.7 billion, up 21% from last year’s January-March quarter. Gartner analyst Jason Wong said many of Microsoft’s customers have …

Microsoft to invest USD 1.5 billion in UAE-based AI firm: Details
8 months, 1 week ago

Microsoft to invest USD 1.5 billion in UAE-based AI firm: Details

India TV News  

Microsoft has announced an investment of around USD 1.5 billion in the UAE-based artificial intelligence technology company, named G42. The investment is said to strengthen the collaboration on bringing the latest Microsoft AI technologies which have been skilling initiatives to the UAE and other countries around the world. Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of G42 said, "This partnership …

Microsoft to Invest $2.9 Billion to Boost AI, Cloud in Japan
8 months, 2 weeks ago

Microsoft to Invest $2.9 Billion to Boost AI, Cloud in Japan

Live Mint  

-- Microsoft Corp. will invest $2.9 billion over the next two years to boost its hyperscale cloud computing and artificial intelligence infrastructure in Japan, marking its biggest investment in the country. The announcement was made on Tuesday in Washington after Microsoft President Brad Smith met Japanese Prime Minister Fumio Kishida, who is in the US for the first official visit …

Microsoft to invest $2.9 billion to expand AI, cloud infra in Japan
8 months, 2 weeks ago

Microsoft to invest $2.9 billion to expand AI, cloud infra in Japan

Hindustan Times  

Microsoft said on Tuesday it would invest $2.9 billion over two years to expand its cloud and AI infrastructure in Japan, the latest in a series of overseas expansions by large tech firms to support the development of artificial intelligence. Microsoft's Azure, Alphabet-unit Google Cloud and Amazon Web Services are the top three cloud computing companies in the world. Server …

95% CIOs deem AI critical for business in 2024: IDC Report
9 months, 1 week ago

95% CIOs deem AI critical for business in 2024: IDC Report

The Hindu  

95% of Chief Information Officers deem AI critical for business in 2024, while 45% in India admit to recruitment challenges for AI-related positions. 69% of CIOs across Asia Pacific further prefer AI work loads in non-public cloud environments as a shift is noticed in CIO priorities from last year with AI topping the list, a study commissioned by Lenovo and …

India to invest $1.2 billion in AI infrastructure, startups; Ambani's Reliance to lead the race
9 months, 2 weeks ago

India to invest $1.2 billion in AI infrastructure, startups; Ambani's Reliance to lead the race

Hindustan Times  

India will invest $1.2 billion in a wide range of artificial intelligence projects as the world's most populous country stakes a claim to the burgeoning sector. Junior minister Rajeev Chandrasekhar said the investment "will catalyze India's AI ecosystem and position it as a force shaping the future of AI for India and for the world". OpenAI chief executive Sam Altman …

Microsoft profit soars 33% on AI, cloud-computing investments
10 months, 3 weeks ago

Microsoft profit soars 33% on AI, cloud-computing investments

Associated Press  

SAN FRANCISCO — Microsoft Corp. said Tuesday that its profit for the October-December quarter soared 33%, powered by its significant investments in artificial intelligence technology. Analysts polled by FactSet Research expected Microsoft to generate revenue of $61.14 billion, and currently project revenue of $60.97 billion for the January-March quarter. Microsoft’s cloud-focused business segment outgrew its other divisions, with revenue expanding …

Microsoft invests more than $10 billion in ChatGPT’s parent organisation OpenAI
1 year, 11 months ago

Microsoft invests more than $10 billion in ChatGPT’s parent organisation OpenAI

Firstpost  

Mircosoft plans to integrate OpenAI’s ChatGPT in Office, Bing and a bunch of other services. Microsoft is hoping that OpenAI’s ChatGPT is developed in a manner that would allow them to integrate the AI chatbot across various programmes that Microsoft offers, including the Office suite, as well as the Bing search engine. Besides investing a hefty amount into OpenAI, Microsoft …

India’s AI market likely to see 20% growth over next five years: Report
2 years, 5 months ago

India’s AI market likely to see 20% growth over next five years: Report

Hindustan Times  

India’s artificial intelligence market is expected to witness a growth of 20% over the next five years, and the country is among the top three talent markets, producing 16% of the world’s AI talent pool, a joint study conducted by Microsoft and the Internet and Mobile Association of India has revealed. “Artificial intelligence is no longer a fringe technology for …

Microsoft launches new initiative to empower AI startups in India
3 years, 2 months ago

Microsoft launches new initiative to empower AI startups in India

The Hindu  

With the third-largest ecosystem for startups in the world, India held opportunities for emerging businesses to accelerate innovation across industries, said Microsoft on Wednesday. Microsoft AI Innovate was aimed at bringing together startups, corporates, industry bodies, governments, and venture capital firms, to create a shared platform for learning and innovation, Microsoft said on Wednesday. This 10-week-long initiative would support startups …

Microsoft to invest $1 bln in Malaysia to set up data centres
3 years, 8 months ago

Microsoft to invest $1 bln in Malaysia to set up data centres

The Hindu  

Microsoft Corporation will invest $1 billion over the next five years in Malaysia as part of a new partnership programme with government agencies and local companies, the Southeast Asian nation's prime minister said on Monday. The announcement on what would be the U.S. tech giant's biggest investment in Malaysia comes after the country in February gave conditional approvals for Microsoft, …

Global AI Market to See 12.3% Growth in 2020, Revenues to Reach $156.5bn: IDC
4 years, 4 months ago

Global AI Market to See 12.3% Growth in 2020, Revenues to Reach $156.5bn: IDC

News 18  

Worldwide revenues for the Artificial Intelligence market, including software, hardware, and services, are expected to total $156.5 billion in 2020, a growth of 12.3 per cent over the previous year, according to a new forecast by International Data Corporation. Worldwide AI market revenue revenues are likely to surpass $300 billion in 2024 with a five-year compound annual growth rate of …

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