Microsoft Invests $5 Billion in AI Technology in Australia

‘This is our largest investment in Microsoft’s 40-year history in Australia,’ said Microsoft’s president.

People move past a Microsoft store in the Pitt Street shopping district in Sydney on Oct. 19, 2021. Lisa Maree Williams/Getty Images

Microsoft will spend $5 billion (US$3.18 billion) to expand its cloud computing and artificial intelligence (AI) infrastructure in Australia over the next two years.

The announcement was made during a meeting between Australian Prime Minister Anthony Albanese and Microsoft Vice Chair and President Brad Smith when the former visited the United States.