Business
Microsoft Will Invest $2.2 Billion In Cloud And AI Services In Malaysia
KUALA LUMPUR, Malaysia — Microsoft CEO Satya Nadella announced Thursday that the company will invest $2.2 billion over the next four years in Malaysia’s new cloud and artificial intelligence infrastructure, as well as cooperate with the government to develop a national AI center.
It is Microsoft’s single greatest investment in Malaysia as the tech giant looks to increase support for AI development in the region and worldwide.
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Microsoft Will Invest $2.2 Billion In Cloud And AI Services In Malaysia
“We are committed to supporting Malaysia’s AI transformation and ensuring it benefits all Malaysians,” the prime minister added. 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.”
During a visit to Indonesia on Tuesday as part of his Southeast Asia tour, Nadella announced a $1.7 billion investment in cloud and AI services. On Wednesday, he announced that Microsoft would establish its first regional data center in Thailand.
In April, the IT behemoth announced a $2.9 billion investment in Japan and a $1.5 billion investment in Abu Dhabi-based AI business G42.
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Microsoft Will Invest $2.2 Billion In Cloud And AI Services In Malaysia
Nadella previously met with Prime Minister Anwar Ibrahim, who stated that the investment will be a critical support pillar for the government’s goal of increasing AI capabilities in Malaysia.
Anwar announced on Facebook that the new investment will involve:
- AI training for another 300,000 individuals.
- The construction of a national AI center of excellence.
- The dancing the nation’s cybersecurity capabilities and ass.
Assistance with with Malaysia’s developer community.
Microsoft operates one of the world’s largest cloud computing operations and has ventured into artificial intelligence through its cooperation with OpenAI, the creators of ChatGPT.Since then, Microsoft has added an AI assistant called Copilot to its Microsoft Edge browser, which helped it increase revenues by 20% in the first quarter.
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Microsoft Will Invest $2.2 Billion In Cloud And AI Services In Malaysia
Microsoft sees Southeast Asia, a population of over 600 million people, as a developing market and a possible place for further AI product development. According to a study by multinational consulting firm Kearney, artificial intelligence might add over $1 trillion to Southeast Asia’s GDP by 2030. Indonesia is anticipated to receive $366 billion, followed by Malaysia with $115 billion.
Microsoft stated that the investment in Malaysia will supplement its 2021 agenda to promote equitable economic growth. It stated that the proposed national AI center will accelerate AI deployment in major businesses and the public sector while assuring AI governance and regulatory compliance.
“Together with Microsoft, we look forward to creating more opportunities for our (small and medium-sized enterprises) and better paying jobs for our people as we ride the AI revolution to fast-track Malaysia’s digitally empowered growth journey,” Zafrul Aziz, trade minister of Malaysia
SOURCE – (AP)
