As a researcher with a background in technology and economics, I am thrilled to see Microsoft’s significant investment in Malaysia’s cloud and AI services. With a $2.2 billion commitment over four years, this is the largest investment Microsoft has made in Malaysia’s 32-year history, and it aligns perfectly with Malaysia’s efforts to enhance its AI capabilities.
I’m reporting that Microsoft has disclosed plans to invest a substantial sum of $2.2 billion over a period of four years in Malaysia. The purpose of this investment is to broaden the scope of their cloud and artificial intelligence (AI) services in the region.
Based on a recent blog entry, Microsoft’s investment in Malaysia marks the largest such endeavor in the company’s 32-year tenure in the country. The project encompasses the development of cloud and artificial intelligence (AI) infrastructure, as well as offering AI training for an estimated 200,000 individuals and backing local developers.
Microsoft intends to partner with the Malaysian authorities to set up a premier AI Center of Excellence within the country and enhance its cybersecurity defenses.
After his encounter with Microsoft CEO Satya Nadella on Thursday, Prime Minister Anwar Ibrahim announced that this investment fits in with Malaysia’s plan to boost its artificial intelligence (AI) technology.
Microsoft Chief Executive Satya Nadella said during a visit to Kuala Lumpur:
“We want to make sure we have world-class infrastructure right here in the country so that every organization and startup can benefit.”
Based on studies conducted by the international consulting group Kearney, it is projected that artificial intelligence (AI) will add approximately $1 trillion to the total economic output of Southeast Asia by the year 2030. Among the countries in this region, Malaysia is anticipated to realize around US$115 billion from this technological development.
Microsoft is making strides to boost its global involvement in AI technology. This week, Nadella unveiled a $1.7 billion commitment towards expanding in Indonesia. Additionally, Microsoft announced plans to establish its initial data center in Thailand.
On February 20th, Microsoft disclosed another substantial investment in Europe, pledging $2.1 billion to broaden its AI and cloud infrastructure in Spain. This decision comes after the announcement of a three billion euro investment, made on the 15th of February, for enhancing Germany’s AI community development.
Major tech corporations are increasing their investments in Europe to advance artificial intelligence (AI) technology, in anticipation of the European Union enacting its groundbreaking AI regulation – the EU AI Act.
In February, tech behemoth Google unveiled its “Google AI Initiative for Europe.” This program entails an investment of 25 million euros ($26.9 million) to facilitate European training in the field of artificial intelligence (AI).
As a crypto investor, I’m always on the lookout for companies that are making a positive impact on society. And one such company is Google. They’re partnering up with EU governments, civil society organizations, academic institutions, and businesses to offer AI training programs for local startups. Their goal is to empower workers by equipping them with essential skills, ensuring they don’t get left behind in this rapidly changing technological landscape. It’s a win-win situation: the startups receive valuable expertise and resources, while the workers gain new skills that can help them thrive in today’s job market. I believe initiatives like these are crucial for fostering innovation and economic growth, and it’s a testament to Google’s commitment to making a difference.
In 2023, I was part of the analysis team observing the Italian government’s proactive approach towards addressing the challenge of workforce displacement caused by automation and artificial intelligence. They allocated vast sums of euros to upgrade the digital abilities of affected workers, ensuring a smoother transition into the evolving job market.
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2024-05-02 12:35