(Reuters) -Microsoft is planning to spend about $80 billion in fiscal 2025 to construct knowledge facilities to coach synthetic intelligence (AI) fashions and deploy AI and cloud-based functions, the corporate stated in a weblog submit on Friday.
Greater than half of the full funding shall be in the USA, Microsoft (NASDAQ:) Vice Chair and President Brad Smith stated within the weblog submit.
“In the present day, the USA leads the worldwide AI race due to the funding of personal capital and improvements by American corporations of all sizes, from dynamic start-ups to well-established enterprises,” Smith stated.
The tech large’s capital expenditure rose 5.3% to $20 billion within the first quarter of fiscal 2025.
