Microsoft plans to invest 5.4 billion rand ($296.81 million) in AI infrastructure in South Africa. This initiative, confirmed by Vice Chair Brad Smith, underscores the company’s dedication to enhancing AI capabilities within the country.
Microsoft is set to enhance its presence in South Africa by investing 5.4 billion rand, equivalent to approximately $296.81 million, into artificial intelligence (AI) infrastructure. This announcement was made by Brad Smith, Microsoft’s Vice Chair and President, emphasizing the company’s commitment to advancing AI capabilities in the region. The investment reflects growing recognition of South Africa’s potential in the tech industry.
Microsoft’s substantial investment signifies a strategic move to bolster AI development in South Africa, highlighting the country’s importance in the global tech ecosystem. This initiative is expected to support local innovation and facilitate the growth of AI technologies in the region, contributing to economic advancement.
Original Source: money.usnews.com
