BR100 Decreased By (-0.91%)
BR30 Decreased By (-1.47%)
KSE100 Decreased By (-0.78%)
KSE30 Decreased By (-0.75%)
AGHA 6.67 Decreased By ▼ -0.01 (-0.15%)
BECO 4.35 Decreased By ▼ -0.02 (-0.46%)
BML 56.17 Decreased By ▼ -1.15 (-2.01%)
BOP 30.12 Decreased By ▼ -0.23 (-0.76%)
CNERGY 12.98 Decreased By ▼ -0.14 (-1.07%)
CSIL 5.31 Decreased By ▼ -0.10 (-1.85%)
FCCL 51.65 Decreased By ▼ -1.14 (-2.16%)
FFL 14.49 Decreased By ▼ -0.23 (-1.56%)
FNEL 1.21 Increased By ▲ 0.09 (8.04%)
KEL 6.06 Decreased By ▼ -0.03 (-0.49%)
KOSM 5.84 Increased By ▲ 0.11 (1.92%)
LOTCHEM 26.17 Decreased By ▼ -0.29 (-1.1%)
MLCF 91.23 Decreased By ▼ -1.93 (-2.07%)
NBP 164.19 Decreased By ▼ -0.47 (-0.29%)
NCPL 53.18 Decreased By ▼ -2.48 (-4.46%)
NPL 59.12 Decreased By ▼ -2.04 (-3.34%)
OGDC 313.39 Decreased By ▼ -3.34 (-1.05%)
PACE 9.77 Decreased By ▼ -0.10 (-1.01%)
PAEL 35.24 Decreased By ▼ -0.39 (-1.09%)
PIBTL 14.71 Increased By ▲ 0.03 (0.2%)
PPL 221.36 Decreased By ▼ -5.55 (-2.45%)
PRL 91.22 Decreased By ▼ -1.80 (-1.94%)
PTC 59.19 Decreased By ▼ -1.07 (-1.78%)
SSGC 23.30 Decreased By ▼ -0.51 (-2.14%)
TBL 8.75 No Change ▼ 0.00 (0%)
TELE 7.61 Decreased By ▼ -0.19 (-2.44%)
TPL 22.03 Decreased By ▼ -0.32 (-1.43%)
TPLP 12.56 Decreased By ▼ -0.41 (-3.16%)
TREET 21.73 Decreased By ▼ -0.43 (-1.94%)
TRG 55.79 Decreased By ▼ -0.77 (-1.36%)
Technology

Microsoft announces $3bn AI investment in India

Published Updated
File Photo
File Photo
By

MUMBAI: Microsoft CEO Satya Nadella on Tuesday said the company plans to invest $3 billion in India on artificial intelligence (AI) and cloud infrastructure over the next two years.

The world’s most populous country has become a key AI battleground in the last few years, as US tech giants look to find new users for their services and tap into fresh pools of talent.

In recent months, top executives including Nvidia boss Jensen Huang and Meta’s chief AI scientist Yann LeCun have visited India.

On Tuesday, Nadella said the $3 billion investment would include the setting up of new data centres.

Amazon to invest 15.7bn euros in Spain

“India is rapidly becoming a leader in AI innovation, unlocking new opportunity across the country,” Nadella said.

“The investments in infrastructure and skilling we are announcing today reaffirm our commitment to making India AI-first, and will help ensure people and organisations across the country benefit broadly.”

The global embrace of AI has boosted sales of Microsoft’s key cloud services, which have become the core of its business under Nadella’s leadership.

The announcement comes less than a week after Microsoft president Brad Smith said the company was on track to invest $80 billion in AI this fiscal year.

Microsoft was on pace to invest about $80 billion this year to build out AI datacentres, train AI models and deploy cloud-based applications around the world, according to Smith.

“The United States is poised to stand at the forefront of this new technology wave, especially if it doubles down on its strengths and effectively partners internationally,” he said in an online post.

Comments

Comments are closed for this article.

Re=== Jan 08, 2025 06:13am
Why not in Pakistan? Why is everyone investing in India, when Pakistan has the same talent pool?
0