Microsoft Pledges $5.5 Billion AI Investment in Singapore

Microsoft Corp. pledged to invest $5.5 billion in Singapore through 2029 to support the country’s artificial intelligence industry, accelerating its expansion in a hub for Asia’s AI development.

The US tech giant said in a statement Wednesday it’ll use the funds to build out cloud and AI infrastructure and support ongoing operations in the city-state. It also plans to offer free AI tools to students.