Microsoft pledges A$5 billion for Australian AI and cloud market

US tech giant Microsoft has pledged to make a A$5 billion investment in Australia to help the country seize the AI opportunity.
The company says the investments will go towards expanding its hyperscale cloud computing and AI infrastructure in the country over the next two years and to increasing data centres from 20 to 29 sites in Australia.
In so doing, Microsoft will increase its computing capacity by around 250% over the investment period. Expecting cloud computing services to grow from A$12.