Microsoft Corporation (NASDAQ:MSFT) has committed to a $1.7 billion investment in Indonesia’s cloud services and artificial intelligence (AI) over the next four years.
What Happened: Microsoft CEO Satya Nadella announced the investment during his visit to Jakarta, Reuters reported on Tuesday. The funds will be utilized to expand cloud services, AI, and build data centres in the country. This announcement comes as the first stop of Nadella’s Southeast Asian tour aimed at promoting Microsoft’s generative AI technology.
Nadella had discussions with outgoing President Joko Widodo and his cabinet ministers about joint AI research and talent development. Widodo proposed that Microsoft could set up its data centers in Bali or the under-construction capital city, Nusantara.
“We’re going to lead this wave in terms of AI infrastructure that’s needed,” Nadella mentioned.
Microsoft aims to train 2.5 million people in Southeast Asia in AI use by 2025, including 840,000 in Indonesia.
See Also: Full story available on Benzinga.com