Tech giant Microsoft announced Wednesday that it plans to spend $50 billion through the end of this decade to bring artificial intelligence technology to developing nations around the world.
The massive financial commitment was revealed during an artificial intelligence summit taking place in New Delhi, India, where executives from major tech companies are meeting with government leaders from various countries this week.
The initiative targets what’s known as the ‘Global South’ – a term describing developing, emerging, or lower-income nations, with many located in the southern hemisphere.
This latest announcement builds on Microsoft’s previous investments in the region. Last year, the Seattle-based technology company committed $17.5 billion specifically for AI projects in India, as the company continues to focus heavily on one of the world’s most rapidly expanding digital economies.
