Microsoft to invest $3.2b in Australia
Wednesday, 25 October 2023
SYDNEY, Oct 24 (AFP): Microsoft announced Tuesday a Aus$5 billion (US$3.2 billion) investment in Australia focused on cloud computing and artificial intelligence, saying it would boost the country's economy and cyber defences.
Details of the deal were outlined by bosses at the US tech giant and by Australia's prime minister, Anthony Albanese, who is on a four-day official visit to the United States.
It represents Microsoft's largest investment in Australia in its 40-year history in the country, the company said in a statement.
Microsoft will expand its "hyperscale" cloud computing and AI infrastructure in Australia over the next two years.