Microsoft plans to invest $5 billion Australian dollars in Australia over two years to expand its capabilities in the areas of cloud computing and artificial intelligence in the country. This investment is part of a wider initiative that includes programmes in cybersecurity and skills development. This venture is expected to increase the capacity of cloud computing services by 250% and double the number of people using the solution in Australia between 2022 and 2026.
- Microsoft is spending $3.2 billion in Australia to develop cloud computing and artificial intelligence.
- The use of cloud computing in Australia is predicted to double by 2026 as artificial intelligence becomes more widely adopted.
- Microsoft will also help 300,000 Australians get the training they need to succeed in the digital economy.
- Microsoft plans to increase its data centre presence in Australia from its current 20 locations to 29 with an investment of 5 billion Australian dollars.
Microsoft has announced that it will invest A$5 billion (US$3.2 billion) over two years to expand its cloud computing and artificial intelligence (AI) capabilities in Australia. This is part of a larger venture that also includes cybersecurity and skills development programmes.
It is predicted that this investment will allow Microsoft to meet the rapidly growing demand for cloud computing and increase capacity by as much as 250%. The use of cloud computing in Australia is forecast to double between 2022 and 2026, along with a concurrent increase in the use of artificial intelligence.
In Microsoft’s 40-year history in Australia, this is the largest investment and, according to Microsoft vice-president Brad Smith, is a testament to the company’s commitment to the country’s development and prosperity in the era of artificial intelligence. To strengthen the country’s cyber defence, Microsoft is combining computing power and capabilities worth $5 billion Australian dollars with artificial intelligence and engineering, and is tightening its partnership with the Australian Signals Directorate (the government agency responsible for delivering electronic intelligence and cybersecurity activities. It is a key institution in Australia’s national defence and cybersecurity system).
Microsoft will also help 300,000 Australians receive the training they need to succeed in the digital economy. This appears to be an attempt to train local workers to take full advantage of technology and artificial intelligence.
Microsoft plans to increase its presence in data centre sin Australia from its current 20 locations to 29, thanks to a $5 billion investment of Australian dollars. The company has previously stated that it will build a new data centre in Denmark, which will employ around 200,000 people and run solely on renewable energy.
In addition, the company will extend its agreement to share information about cyberthreats with Australia’s cyber security regulator, the Australian Signals Directorate. This is intended to strengthen defences against cyber threats in the face of rapid technological advances.
In supporting the initiative, Australian Prime Minister Anthony Albanese said it must provide the skills that will enable Australians to succeed in the jobs of the future. This is a significant investment in the workforce and skills of the future that will support Australia’s efforts to maintain a leading position in the world economy.
The announcement comes as Australia has launched a public consultation on the potential regulation of artificial intelligence. This comes amid concerns about bias, invasions of privacy and copyright associated with this technology.