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

  • 📰 wjxt4
  • ⏱ Reading Time:
  • 34 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 63%

Business News

Technology,Anwar Ibrahim,Satya Nadella

Microsoft CEO Satya Nadella says the company will invest $2.2 billion over the next four years in new cloud and artificial intelligence infrastructure in Malaysia.

In this photo provided by Malaysia Prime Minister Office, Malaysia's Prime Minister Anwar Ibrahim , right, shakes hands with Microsoft CEO Satya Nadella at the prime minister's office in Putrajaya, Malaysia, Thursday, May 2, 2024. – 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.

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. Microsoft runs one of the world’s largest cloud computing operations and has taken a leap into artificial intelligence through its partnership with OpenAI, developers of ChatGPT.helping lift its profits by 20%Microsoft sees Southeast Asia, with its population of over 600 million people, as a growing market and potential location for more AI product development. A study held by global consulting firm Kearney said AI could contribute nearly $1 trillion to Southeast Asia’s GDP by 2030.

Source: News Formal (newsformal.com)

Technology Anwar Ibrahim Satya Nadella World News

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 246. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft to invest $1.7 billion into AI infrastructure in Indonesia, CEO Satya Nadella saysThe funds will also go toward training 840,000 Indonesians in AI skills and supporting the local community of developers.
Source: NBCDFW - 🏆 288. / 63 Read more »

Microsoft will invest $2.2 billion in cloud and AI services in MalaysiaMicrosoft CEO Satya Nadella says the company will invest $2.2 billion over the next four years in new cloud and artificial intelligence infrastructure in Malaysia.
Source: ksatnews - 🏆 442. / 53 Read more »

Microsoft will invest $2.2 billion in cloud and AI services in MalaysiaMicrosoft CEO Satya Nadella says the company will invest $2.2 billion over the next four years in new cloud and artificial intelligence infrastructure in Malaysia. It marks Microsoft’s single largest investment in the country, as the tech giant seeks to bolster support for AI development in the region and worldwide.
Source: AP - 🏆 728. / 51 Read more »

Microsoft announces $2.2B AI, cloud computing investment in MalaysiaThe pledge comes after he announced a $1.7B investment in Indonesia and Thailand's first data centre region this week to boost cloud and artificial intelligence infrastructure.
Source: trtworld - 🏆 101. / 63 Read more »

Microsoft AI to make long-term investments in the UK — CEOMicrosoft AI CEO Mustafa Suleyman announced the creation of an AI hub in London which will focus on advancing AI language models.
Source: Cointelegraph - 🏆 562. / 51 Read more »

CEO Talks: L.L. Bean CEO Talks Importance of Summer, U.S. Market and Tote BagsL.L. Bean's fiscal 2023 sales were $1.7 million, a slight decline compared to $1.8 million for the previous fiscal year.
Source: wwd - 🏆 24. / 68 Read more »