Microsoft plans to invest nearly $100B in AI-enabled data centres by FY 2025, aiming to drive global innovation and maintain U.S. leadership in AI technology.
Microsoft announced on Friday its plans to allocate almost $100 billion towards AI-powered data centers in fiscal year 2025.
"In FY 2025, Microsoft is on track to invest approximately $80 billion to build out AI-enabled datacenters to train AI models and deploy AI and cloud-based applications around the world," Vice Chair and President Brad Smith wrote in a blog post.
Highlighting AI's potential to spur innovation and enhance productivity across all sectors, Smith stated that the U.S. is well-positioned to lead the technological wave, particularly by leveraging its strengths and fostering strong international partnerships.
"Today, the United States leads the global AI race thanks to the investment of private capital and innovations by American companies of all sizes, from dynamic start-ups to well-established enterprises," he said.
"At Microsoft, we’ve seen this firsthand through our partnership with OpenAI, from rising firms such as Anthropic and xAI, and our own AI-enabled software platforms and applications."
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Microsoft is closing its direct operations in Pakistan after 25 years, shifting to a partner-led model to serve the market.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
Microsoft has officially revealed its long-anticipated handheld gaming console, the ROG Xbox Ally, developed in partnership with Asus. This new device aims to provide access to Xbox Game Pass libraries in a portable format, with its release scheduled for the end of 2025.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
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French member of parliament Olivier Marleix was found dead at his home on Monday, with suicide being considered a possible cause.
An Italian court has placed LVMH group's high-end Italian cashmere firm Loro Piana under judicial administration for a year after allegedly uncovering worker abuse inside its supply chain, in the latest in a string of cases that have tainted the image of Italy's luxury brand
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According to a Wall Street Journal report on Saturday, SpaceX is investing $2 billion into xAI as part of a broader $5 billion equity funding round, strengthening the connection between Elon Musk’s various ventures.
European shares dropped on Friday after President Donald Trump intensified tariff threats against the EU, casting doubt on trade talks and dampening investor confidence.
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