tl;dr
Microsoft (NASDAQ:MSFT) has announced a $1.7B investment in new cloud and artificial intelligence infrastructure in Indonesia. This investment will be made over the next four years. Chairman and CEO Satya Nadella revealed the plan after meeting with the President of the Republic of Indonesia Joko Wi...
Microsoft (NASDAQ:MSFT) has announced a $1.7B investment in new cloud and artificial intelligence infrastructure in Indonesia. This investment will be made over the next four years. Chairman and CEO Satya Nadella revealed the plan after meeting with the President of the Republic of Indonesia Joko Widodo, as part of his three-country tour of Southeast Asia, which includes visits to Malaysia and Thailand later this week. The tech giant aims to train 2.5 million people in AI skills within the Association of Southeast Asian Nations (ASEAN) member states by 2025, including 840,000 individuals in Indonesia. This investment represents the largest in Microsoft's 29-year history in the country. Dharma Simorangkir, president director of Microsoft Indonesia, stated, "We aim to empower Indonesians with the infrastructure and skills needed for the AI era, aligning with our national vision for digital prowess." Reuters reported that President Widodo suggested Microsoft consider setting up its data centers in Bali or in the new capital city, Nusantara, currently under construction in the jungle of Borneo. This move comes amid rising geopolitical tensions, leading U.S. tech companies to explore growth opportunities in Asian markets other than China. Earlier this month, Microsoft announced a $1.5B investment for a minority stake in UAE-based AI firm G42, with the aim of bringing advanced AI and digital infrastructure to markets across the Middle East, Central Asia, and Africa. Notably, this visit follows Apple's CEO Tim Cook's recent trip to Indonesia and other Asian countries, signaling growing interest and investment in the region.
More about Microsoft Corporation
Microsoft Corporation
Microsoft Corporation is an American multinational technology company which produces computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue; it was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.
Industry: TECHNOLOGY, SERVICES-PREPACKAGED SOFTWARE
Market Cap: 301.99 Billion
Current Price: $35.21
Change: 2.93 ( 11.54%)
52-Week Range: $31.83 - $462.44
Dividend Yield: 0.364
Outstanding Shares: 236.58 Million
EPS (TTM): $0.20
P/E Ratio: 0.17
More about Apple Inc
Apple Inc. is the world's largest technology company by revenue, totaling $274.5 billion in 2020. It is also the world's most valuable company since January 2021. As of
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.