The first phase alone of Microsoft’s data center in Mount Pleasant will consume enough megawatts of electricity to power several hundred thousand homes.

Over half of the investment is reserved for infrastructure. Microsoft President Brad Smith frames AI investment as key to economic growth.

More than half of the $80 billion budget is expected to be deployed in the United States. The facilities will help train AI models and distribute cloud-based applications across the globe, according to Microsoft vice chair Brad Smith.

The first phase alone of Microsoft’s data center in Mount Pleasant will consume enough megawatts of electricity to power several hundred thousand homes.

Amazon's cloud computing division says that it plans to invest "at least" $11 billion in Georgia to expand its data center infrastructure.

The planned spending represents a 44% increase from last year, and more than half of it is expected to come in the U.S.

Microsoft is planning to invest about $80 billion in fiscal 2025 on developing data centers to train artificial intelligence (AI) models and deploy AI and cloud-based applications, the company said in a blog post on Friday.

Microsoft will spend $3 billion to expand its Azure cloud and artificial intelligence (AI) capacity in India, CEO Satya Nadella said on Tuesday, doubling down on a country with tech expertise and low costs to help turn such investments profitable.

Microsoft Corp. plans to spend $3 billion to expand its cloud computing and artificial intelligence capabilities in India, targeting the world’s most populous country to fuel its revenue growth.