Microsoft plans to invest about $80 billion (approximately Rs 686,200 crore) in fiscal 2025 to develop data centers to train artificial intelligence (AI) models and deploy AI-based AI-based models, the company said in a blog post on Friday. and cloud applications. .
Investment in AI has been surging since Openai launched Chatgpt in 2022 as companies across sectors try to incorporate artificial intelligence into their products and services.
AI requires enormous computing power, driving the need for professional data centers that allow tech companies to link thousands of chips together.
Microsoft has been investing billions of dollars to enhance its AI infrastructure and expand its data center network.
Analysts expect Microsoft’s capital expenditure, including capital leases, to be $84.24 billion (approximately Rs 720,475 crore), for fiscal 2025.
The company’s capital expenditure rose 5.3% to US$20 billion (approximately Rs 1,71,541 crore) in the first quarter of fiscal 2025.
As a major supporter of Openai, the technology giant is considered a major contender for the big tech companies in the AI competition due to its exclusive partnership with AI Chatbot Maker.
Vice Chairman and President Brad Smith said in a blog post that Microsoft’s $80 billion (about Rs 686,200 crore) investment will be more than half.
“Today, thanks to private capital investments and investments in U.S. companies of all sizes, from vibrant startups to building good businesses,” Smith said.
©Thomson Reuters 2024
(This story has not been edited by Tech Word News’s staff and is automatically generated from the joint feed.)
