Microsoft is on track to invest around $80 billion this fiscal year to build out AI-enabled data centers, company president Brad Smith said Friday.
Those data centers will be used to train AI models and deploy AI and cloud-based applications around the world — although more than half of the investment will be in the US, Smith said in a blog post highlighting the opportunities technology offers for building the country’s economy.
“Not since the invention of electricity has the United States had the opportunity it has today to harness new technology to invigorate the nation’s economy,” he wrote in the blog post titled The Golden Opportunity for American AI, continuing, “In many ways, artificial intelligence is the electricity of our age, and the next four years can build a foundation for America’s economic success for the next quarter century.”
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Source: News