tl;dr
Microsoft (NASDAQ:MSFT) CEO Satya Nadella announced a $2.2B investment over the next four years in Malaysia's new cloud and AI infrastructure, marking Microsoft's single biggest investment in Malaysia. "We are committed to supporting Malaysia's AI transformation and ensure it benefits all Malaysians...
Microsoft (NASDAQ:MSFT) CEO Satya Nadella announced a $2.2B investment over the next four years in Malaysia's new cloud and AI infrastructure, marking Microsoft's single biggest investment in Malaysia. "We are committed to supporting Malaysia's AI transformation and ensure it benefits all Malaysians," Nadella said. "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." Malaysia's Prime Minister Anwar Ibrahim stated that the investment would support the government's goal of enhancing AI capacity in the country. Microsoft (MSFT) mentioned that the investment will enable it to meet growing demand for cloud computing services in Malaysia, with the skilling commitment expected to benefit 200,000 people. The proposed national AI Center will drive AI adoption across key industries and the public sector, while ensuring AI governance and regulatory compliance. This announcement follows Microsoft's decision to build a data center in Thailand, and its $1.7B investment in cloud and AI services in Indonesia. Additionally, this month, Microsoft unveiled a $2.9B investment in Japan and a $1.5B investment in G42, an AI firm in Abu Dhabi.
More about Microsoft Corporation
Microsoft Corporation is an American multinational technology company known for its computer software, consumer electronics, and related services. Its key products include the Microsoft Windows operating systems, Microsoft Office suite, Internet Explorer, Edge web browsers, Xbox video game consoles, and the Microsoft Surface lineup of touchscreen personal computers.
In the 2020 Fortune 500 rankings, Microsoft ranked No. 21 among the largest United States corporations by total revenue. As of 2016, it was the world's largest software maker by revenue. Microsoft is considered one of the Big Five companies in the U.S. information technology industry, alongside Google, Apple, Amazon, and Facebook.
Sector: Technology
Industry: Services-Prepackaged Software
Market Cap: $2.89362 trillion
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Current Price: $467.9
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