Microsoft (MSFT.O) said it will spend A$5 billion ($3.2 billion) expanding its artificial intelligence (AI) and cloud computing abilities in Australia over two years as part of a wide-ranging effort that includes skills training and cyber security.
A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, January 25, 2023. REUTERS/Gonzalo Fuentes/File Photosaid it will spend A$5 billion expanding its artificial intelligence and cloud computing abilities in Australia over two years as part of a wide-ranging effort that includes skills training and cyber security.
The spending amounts to a charm offensive by Microsoft in a country that began public consultation this year over regulation of AI, which stands for artificial intelligence but is a term often used to describe fast automation, since Microsoft-backed OpenAI stunned the technology world with lifelike language program ChatGPT in 2022.
"This is a major investment in the skills and workers of the future," Australian Prime Minister Anthony Albanese said in a statement issued by Microsoft. "We need to provide the skills to enable Australians to succeed in the jobs of the future." Microsoft's managing director for Australia, Steven Worrall, said the spending would "not only enable a safer and more secure digital economy, but also provide a platform to foster growth and innovation in the era of AI".
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