AMZN250103P242500
- 17.76
- -5.44-23.45%
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Microsoft will invest 80 billion dollars this fiscal year to build Datacenters.
Microsoft plans to invest 80 billion dollars in Datacenters this fiscal year, highlighting the enormous demand AI has for capital. Microsoft President Brad Smith wrote in a blog on Friday that more than half of this estimated expenditure, which is projected to last until June 2025, will be spent domestically in the USA. Smith stated that the recent advancements in AI are attributable to 'large-scale infrastructure investments, which are the crucial foundation for AI innovation and usage.' Microsoft and cloud infrastructure providers like Amazon have been competing to expand computing capacity by building new Datacenters. In the last fiscal year ending June 2024.
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