Microsoft will invest $3 billion (about ₹25,700 crore) to expand its cloud computing and artificial intelligence capabilities in India, its chief executive officer Satya Nadella said on Tuesday.
The tech giant will also train 10 million people in AI skills in India by 2030, Nadella said, addressing a conference attended by startup founders and executives from technology firms here.
Nadella is the latest in the list of tech tycoons to have visited India—the nation of 1.4 billion people that is emerging as an AI battlefront.
Chip maker Nvidia chief Jensen Huang, AMD's Lisa Su and Meta chief AI scientist Yann LeCun had in recent months visited India, home to millions of programmers and technology services providers like Tata Consultancy Services (TCS), Infosys and Wipro.
Nadella said the $3 billion investment in India would be the "single-largest expansion" done in the country.
"The diffusion rate of AI in India is exciting." He, however, did not give a time frame for the spending.
هذه القصة مأخوذة من طبعة January 08, 2025 من Mint Bangalore.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 08, 2025 من Mint Bangalore.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
The Abu Dhabi fund helping bankroll Trump's $100 billion AI plan
MGX has backed OpenAI, while also teaming up with BlackRock and Microsoft on a $30 billion plan
RBI Likely to Transfer Another Bumper Payout
The central bank will likely make another windfall payout to the government on account of its intervention in currency markets to stem the decline in the rupee, according to economists.
Stand by DEI: It's a social and business imperative
In Greek, 'dei' means 'must'. As America swings with Trump's politics to roll back diversity, equity and inclusion initiatives, India Inc should step up to articulate why DEI is a must
HDFC Bank walks loan tightrope
DFC Bank Ltd performed well in Q3FY25 but reported a high loan-deposit ratio (LDR) of 98%, indicating less-than-ideal liquidity to cover urgent fund requirements.
JSW Defence, Telangana Ink MoU
JSW Defence has signed an agreement with the Telangana government to set up a facility in the state for manufacturing unmanned aerial systems.
Jashvik to pick up Smart Vision stake
Private equity (PE) firm Jashvik Capital Advisory LLP is acquiring a majority stake in Hyderabad-based eye care hospital chain Smart Vision Eye Specialities Pvt Ltd, said a person close to the deal.
Chhattisgarh gets ₹6k cr proposals
Chhattisgarh has secured investment proposals worth ₹6,000 crore from leading companies in sectors such as plastics, textiles, information technology, and food processing, the state government revealed during the Investor Connect event that it organized with the Confederation of Indian Industry (CII) in Mumbai.
US bond yields leave emerging markets in the cold
Moody's estimates the developing world needs $1.3 trillion by 2030 to combat global warming
BUDGET 2025: DRIVING INDIA'S GROWTH IMPERATIVE
FY25 growth forecasts put out this month have raised warning signs for the economy
India will clock fastest growth rate: Andhra CM Naidu at Davos
Andhra Pradesh chief minister N. Chandrababu Naidu has said that India's golden era has started and the country will clock the fastest growth rate.
