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Microsoft Corporation will invest an additional $297 million in South Africa by the end of 2027 to expand its cloud and Artificial Intelligence capacity in the country, Vice Chairman Brad Smith said on Thursday.
Smith made the announcement at an event in Johannesburg ahead of an upcoming South African investment conference, Bloomberg reported.
“The investment will also cover digital skills certification exams for 50,000 young people over the next 12 months to help foster innovation, economic growth, and workforce development,” Smith said.
The announcement comes less than three weeks after Microsoft committed $1m to accelerate AI skill development for one million Nigerians over the next two years, as part of efforts to bolster digital innovation and economic empowerment across Africa.
In January, The PUNCH reported that Microsoft plans to invest $80bn in fiscal 2025, primarily in AI-powered data centers and global AI deployment.
“In FY 2025, Microsoft is on track to invest approximately $80bn to build AI-enabled data centers, train AI models, and deploy AI and cloud-based applications worldwide.
“More than half of this total investment will be in the United States, reflecting our confidence in the American economy,” Smith wrote in a blog post.
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