The move is part of Microsoft's efforts to influence AI regulation in Australia, which began public consultation on the matter this year. The company also plans to increase its data centre footprint in Australia from 20 to 29 sites. A report co-written by Microsoft suggests that generative AI could contribute up to A$115 billion per year to Australia's economy by 2030 if quickly adopted.
Key takeaways:
- Microsoft plans to spend A$5 billion ($3.2 billion) over two years to expand its AI and cloud computing capabilities in Australia.
- The investment includes skills training for 300,000 Australians and expanding a cyber threat information-sharing agreement with the Australian Signals Directorate.
- The tech giant will increase its computing capacity in Australia by 250%, and expand its data centre footprint from 20 sites to 29.
- A report co-written by Microsoft suggests that generative AI could contribute up to A$115 billion per year to Australia's economy by 2030 if quickly adopted.