Security News > 2023 > October > Everything You Need to Know About Microsoft’s New $5 Billion Investment in Australia

Microsoft plans to more than double its cloud computing capacity in Australia over the next two years and expand its support for critical national cyber security and technology skills priorities.

Fast-growing demand for cloud computing services across Australia has seen Microsoft announce the injection of AU $5 billion into the market, in a move it says will support Australia's ability to seize the economic and productivity advantages of artificial intelligence.

What is included in Microsoft's $5 billion Australian investment? Expanded local cloud computing capacity in Australia More Australia coverage.

Figure A. Building the infrastructure for Australia to capitalise on AI. Microsoft has said the investment will help Australia seize the new AI era's economic and productivity opportunities.

Microsoft is heavily invested in the future of AI. In 2023, it poured US $10 billion into a partnership with OpenAI. It has since launched generative AI chatbot Bing Chat as well as Copilot, which allows Microsoft 365 customers to leverage their enterprise data.

Microsoft's increased investment in supporting the development of Australian tech skills not only supports its own operations and strategy, but helps to deal with what is a difficult problem for Australia in the tech sector.

News URL

https://www.techrepublic.com/article/microsoft-invests-cloud-computing-australia/