Microsoft Corp. will invest A$5 billion ($3.2 billion) in Australia to expand its cloud computing and AI infrastructure over the next two years, in what the US company described as its largest investment in the country in four decades.
Announced as part of Prime Minister Anthony Albanese’s visit to the US this week, the investment will help Microsoft grow its data centers across Canberra, Sydney and Melbourne by 45% — from 20 sites up to 29.
In addition, the US technology company will work with the state of New South Wales to establish a Microsoft Datacenter Academy in Australia, while also collaborating with the Australian Signals Directorate intelligence agency on a cybersecurity initiative.
Read the full story on Bloomberg here.