Customise Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorised as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyse the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customised advertisements based on the pages you visited previously and to analyse the effectiveness of the ad campaigns.

No cookies to display.

Search
Close this search box.
Microsoft Announces US $3 Billion Investment in India Cloud and AI Infrastructure

Microsoft Announces US $3 Billion Investment in India Cloud and AI Infrastructure

Microsoft chairman and CEO, Satya Nadella, on stage at the Microsoft AI Tour in Bengaluru where he announced US $3 billion investment in India for cloud and AI infrastructure over the next two years.

  • Microsoft shared a comprehensive plan to train and skill 10 million people by 2030, reinforcing its commitment to partnering with India on its journey to become an AI-first nation.
  • Microsoft Research Lab launched an AI Innovation Network, a groundbreaking initiative designed to accelerate the transition from research to real, usable business solutions.
  • Furthermore, Microsoft and SaaSBoomi have joined hands to propel India’s AI and SaaS ecosystem towards a trillion-dollar economy, aiming to impact over 5,000 startups and 10,000 entrepreneurs.

During his visit to India, Microsoft chairman and CEO Satya Nadella today announced the company’s plans to invest US $3 billion in India in cloud and AI infrastructure and skilling over the next two years, including the establishment of new datacenters. This investment aims to accelerate AI innovation in India, which is pivotal for achieving Hon’ble Prime Minister Narendra Modi’s vision of becoming a developed nation (Viksit Bharat) by 2047. Microsoft will also support the country’s long-term competitiveness by training 10 million people over the next five years with AI skills, as part of the second edition of its ADVANTA(I)GE India program.

Financial Technology News: Fazeshift secures $4MM Seed Round Led by Gradient to Automate Accounts Receivable with AI

Satya Nadella, chairman and CEO, Microsoft said, “India is rapidly becoming a leader in AI innovation, unlocking new opportunity across the country. The investments in infrastructure and skilling we are announcing today reaffirm our commitment to making India AI-first, and will help ensure people and organizations across the country benefit broadly.”

Puneet Chandok, president, Microsoft India and South Asia said, “In the last 12 months Microsoft has been a copilot to making AI a reality in India, taking it from boardrooms to classrooms, commerce to communities, and finance to farmers. announcement strengthens our belief in India’s potential and our resolve to equip the country with the resources and future-ready skills needed to excel in the global marketplace. We will continue to use AI to unlock possibilities for the next few decades and ensure communities across the country have access to the compute they need to prosper in the AI era.”

Financial Technology News: Tradition Capital Bank Partners with CorServ for Improved Credit Cards

Source –Microsoft News

To share your insights with the FinTech Newsroom, please write to us at news@intentamplify.com

 

 

Share With
Contact Us
StatCounter - Free Web Tracker and Counter