Microsoft has announced plans to invest A$5 billion (approximately $3.2 billion) in expanding its artificial intelligence (AI) and cloud computing capabilities in Australia over two years, as reported by Reuters. This investment is part of a broader effort that includes skills training and cybersecurity initiatives.
Microsoft plans to boost its computing capacity in Australia by 250%. This expansion aims to cater to the growing demand for cloud computing, expected to double between 2022 and 2026. The rise in demand is largely due to the prevalence of AI technologies.
Microsoft plans to invest financially and intends to provide support for training 300,000 Australians in the skills vital for the digital economy. The company’s commitment is to prepare the Australian workforce for the future job market.
A recent report co-authored by Microsoft suggests that generative AI, a form of automation that adapts to new data inputs, could contribute up to A$115 billion per year to Australia’s economy by 2030 if adopted rapidly. This underscores the transformative potential of AI in the Australian economy.
Microsoft’s substantial investment strengthens its presence in the Australian tech landscape. It aligns with broader efforts to prepare the nation for the digital and AI-driven future while addressing important AI adoption issues.