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Microsoft (NASDAQ: MSFT) is doubling down on its AI efforts.
The tech giant will invest $1.7 billion in AI infrastructure in Indonesia.
It’s the company’s new move to win the AI race.
Go here for my top 5 hidden AI stocks for 2024 (free report).
A few days ago…
Microsoft announced a $3 billion pledge to build AI infrastructure in the UK.
Now the company has made a similar announcement for Indonesia.
$1.7 billion invested over the next 4-years in new cloud and AI infrastructure.
It’s Microsoft’s single largest investment in its 29-year history in the Asian country.
As CEO Satya Nadella says…
“This new generation of AI is reshaping how people live and work everywhere, including in Indonesia. The investments we are announcing today – spanning digital infrastructure, skilling, and support for developers – will help Indonesia thrive in this new era.”
Here’s the key takeaway.
Just like electricity and the internet revolutionized the world forever…
AI is bound to do the same.
That’s exactly what Jamie Dimon recently said in his annual letter to shareholders.
The JPMorgan (NYSE: JPM) CEO compared the AI revolution to the printing press, the steam engine, electricity, computing, and the Internet.
That’s why companies like Microsoft are going “all in” on AI investments since this tech breakthrough will shape the next decade.
PwC predicts AI will be a game changer too, contributing $15.7 trillion to the global economy.
It’s still the early days of this transformation.
That’s why I just released this special report:
It’s a “must read” IF you missed the AI boom.
Or if you’re simply looking to maximize your profits ASAP.
The report is 100% free. No strings attached.
Ian