With over half of the $80 billion Microsoft (MSFT, Financials) disclosed intentions to spend in AI-enabled data centers worldwide in fiscal year 2025 allocated for U.S. projects specifically. The project is a component of a larger plan to confirm American leadership in artificial intelligence by means of infrastructure building, worker training, and global outreach.
Calling AI a general-purpose technology, Microsoft Vice Chair and President Brad Smith compared its transforming power to that of electricity and the internet, hence revolutionizing economic production. Reiterating the U.S. as a worldwide leader in artificial intelligence, the funding will assist cloud-based apps and AI model training.
To stimulate creativity, Smith underlined the need of cooperation between the public and business sectors. Along with private sector innovations in product creation, he advocated more public support for fundamental research, especially via the National Science Foundation.
Still first is workforce preparedness. By means of alliances with community institutions, employment agencies, and online platforms, Microsoft seeks to equip 2.5 million Americans with AI capabilities by 2025 Smith underlined how artificial intelligence may cut entrance obstacles for many professions, provide new employment, and help to lessen economic inequalities.
The corporation also underlined the importance of the United States accelerating AI exports given increasing competition with China. To advance American artificial intelligence technology, Smith argued for sensible export restrictions and enhanced global alliances.
To increase its impact and reach, Microsoft is building worldwide artificial intelligence infrastructure in tandem with partners like BlackRock and G42 To grab what Smith termed as a “golden AI opportunity,” he urged coordinated efforts across government, business sector, and education.
This article first appeared on GuruFocus.
