Microsoft to Invest Additional 5.4 Billion Rand in South Africa’s…

Microsoft will invest 5.4 billion rand ($296.81 million) in AI infrastructure in South Africa. This announcement was made by Brad Smith, Vice Chair and President of Microsoft. The investment aims to strengthen AI capabilities in the region.

Microsoft has announced a substantial investment of an additional 5.4 billion rand, equivalent to approximately $296.81 million, to enhance its artificial intelligence (AI) infrastructure in South Africa. This significant commitment was publicly shared by Microsoft’s Vice Chair and President, Brad Smith, on Thursday. The investment reflects Microsoft’s long-term strategy to bolster AI capabilities within the region, fostering growth and innovation in the tech industry.

In summary, Microsoft’s commitment of 5.4 billion rand towards AI infrastructure in South Africa represents a strategic move to enhance technological advancements in the region. This investment underscores the company’s dedication to supporting local economies through innovation and development in artificial intelligence.

Original Source: money.usnews.com