In a move that is seeking to solidify its strength in the immensely popular technology sectors, Microsoft (MSFT) has announced yet another $3 billion AI and cloud computing investment. Indeed, the company’s investment will be made in India as it seeks to expand its capability in the two areas.
Since the AI revolution started to dominate the stock market, Microsoft has firmly positioned itself as a developing leader. Over the last year, they have continued to invest in its ongoing development. Moreover, there is a growing feeling that those funds will begin to pay off in the company’s stock price throughout this year.
Also Read: Microsoft: MSFT $13B Investment Called ‘Best Money Ever Spent’
Microsoft Announces $3 Billion AI and Cloud Investment In India
Over the last two years, generative AI’s surging popularity has been undeniable. The technology has been viewed as a massive part of the near future, and as such, its continued exploration and development is paramount. Moreover, that work is set to benefit a host of companies that have put immense resources into that very development.
Yet, perhaps none has put in as much capital as Microsoft (MSFT), with the company announcing yet another $3 billion AI and cloud investment. Specifically, the funds will go toward work on the technology in India, according to a Reuters report.
Also Read: Microsoft: Strategic AI Investments Could Push MSFT Stock To $550
Microsoft CEO Satya Nadella announced the move on Tuesday. They look to continue pouring funds into the country that could help turn the investment into profit through low costs. Moreover, it is said to take place over two years and is separate from its recently announced $80 billion investment in AI data centers.
The company is planning to train 10 million native Indians in AI by 2030. Speaking at the conference, Nadella noted that the move will tap into the country’s strong tech talent. Additionally, it will help to continue the global development of artificial intelligence.
It also reinforces Microsoft’s position atop the technology. They broke new ground when they invested $13 billion in ChatGPT developer OpenAI. Yet, Wall Street experts note the move is some of the “greatest money ever spent.” Indeed, there are expectations it should pay off massively on the stock market.
