Microsoft plans to invest $3 billion to expand its artificial intelligence and cloud Azure services in India, turning the world's most populous country to boost its revenue.
The company, which has operated in India for over two decades, will train 10 million more people in the country with AI, Microsoft CEO Satya Nadella said at an event in Bengaluru on Tuesday.
“The infrastructure and skills investments announced today reaffirm India's commitment to making AI first and will help people and organizations across the country benefit broadly,” Nadella said. “The rate of diffusion of AI in India is exciting.”
India is a major overseas market for US tech giants. Tens of billions of dollars have been invested. Over the past two decades, we have served hundreds of millions of legal clients in building and expanding their businesses in the South Asian market.
There is a competition. intensified. Microsoft has been making waves among hyperscalers in recent times as it aggressively expands its offerings with new AI capabilities. E-commerce group Amazon said that in 2023. It plans to invest $12.7 billion. in its Indian business by 2030.
Microsoft, one of the leading cloud and AI providers in India, operates 3 datacenter regions in India and is preparing to go live with its fourth next year, the company said. The $3 billion investment will be used to develop a scalable AI computing ecosystem to serve India's AI startups and research community.
India has cemented its place on the world map as one of the world's largest and fastest growing developer markets. More than 17 million of them use Microsoft's Github in India. A number of tech executives, including Nvidia CEO Jensen Huang and AMD chief Lisa Su, were on hand. Visited India in recent months.In part, court developers;
It is also reported that Microsoft has signed an AI Memorandum of Understanding. SaaSBoomA community for B2B startups in India. As part of the partnership, the duo will seek to promote entrepreneurship in Indian cities and towns and attract an additional $1.5 billion in VC funding for Indian AI and SaaS startups.
Microsoft is already seeing many of its customers in the South Asian market using its latest technologies to streamline their businesses, Nadella said. Some of its clients in India include Infosys; Air India Meesho, Tech Mahindra Federal Bank Apollo MakeMyTrip, HCL Tech, Manipal Includes Icertis and InMobi. IT company Persistent is using Microsoft 365 Copilot's “Contract Assist” to reduce negotiation time by 70%, Nadella said.