Microsoft Announces Mega $1.3B Investment in AI, Cloud Infrastructure
Satya Nadella, CEO and chair of Microsoft Corp. (NASDAQ: MSFT), revealed that the company planned to invest $1.3 billion in improving artificial intelligence (AI) infrastructure and initiatives focused on promoting AI and digital skills. Speaking at the Microsoft AI Tour in Mexico, Nadella explained that part of the funds would be allocated to the AI National Skills program, which focuses on democratizing access to artificial intelligence skills. The investment will also encourage the adoption of AI by businesses to help speed up their digital transformation while also improving connectivity. The multinational tech company recognizes the role artificial intelligence plays as…