Microsoft to Invest $17.5 Billion to Scale India's AI and Cloud

Microsoft, on Tuesday, announced an investment of $17.5 billion (roughly Rs. 1.57 lakh crore) in India to develop artificial intelligence (AI) and cloud infrastructure, support government projects around skilling, and to expand its ongoing projects. The announcement was made following a meeting between the Redmond-based tech giant's CEO Satya Nadella and Prime Minister Narendra Modi. The company claimed it to be its largest investment in Asia, and highlighted that the capacity building could help the country's inclusive growth and economic transformation. Interestingly, Google and OpenAI have also announced similar investments in India this year.