Microsoft's Record $2.2B AI and Cloud Boost for Malaysia's Digital Future
May 3, 2024Microsoft CEO Satya Nadella commits $2.2 billion to AI and cloud computing in Malaysia, the company's largest investment in the country in 32 years.
The initiative aims to support Malaysia's digital transformation and includes the creation of an AI centre of excellence and AI training for 200,000 Malaysians.
Malaysian Prime Minister Anwar Ibrahim heralds the investment as a sign of confidence in the nation's investment appeal and political stability.
The investment plan aligns with Microsoft's recent boosts in cloud and AI infrastructure in other Southeast Asian countries.
Microsoft's push into AI has already seen a 17% rise in sales and a 20% increase in net profit.
Over four years, the investment will enhance Malaysia's cloud and AI infrastructure, cybersecurity, and will establish a national AI Centre of Excellence.
Microsoft's broader ASEAN commitment includes AI training for 2.5 million people by 2025, with a significant focus on Malaysia.
The Malaysian government, including Trade Minister Zafrul Aziz, views the investment as a key driver for the digital growth of SMEs in Malaysia.
Summary based on 30 sources
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Sources
U.S. News & World Report • May 2, 2024
Microsoft Will Invest $2.2 Billion in Cloud and AI Services in MalaysiaTimes Of India • May 2, 2024
Microsoft announces AI investments in these three Southeast Asian countries: All the detailsEconomic Times • May 2, 2024
Microsoft announces $2.2 bn AI, cloud investment in MalaysiaThe Star • May 2, 2024
Microsoft to invest US$2.2bil in cloud and AI services in Malaysia