Technology giant Microsoft will invest $5 billion to boost Australia’s artificial intelligence (AI) and cloud infrastructure.
It’s the single-largest investment in Microsoft’s 40-year history with Australia and as part of the commitment, will grow its data centre footprint from 20 sites to “a total of 29”.
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The announcement is the first major one during prime minister Anthony Albanese’s trip to the United States.
The money will be spent over the next two years, with Mr Albanese saying it would strengthen workers’ skills and push Australia’s positioning as a world-leading economy.
“A strong economy requires protection from cyber threats,” Mr Albanese told AAP.
Investing in the country’s AI and cloud infrastructure hopes to strengthen its cyber defences and protect it from any future threats.
Microsoft will collaborate with the Australian Signals Directorate (ASD) to create a cyber shield, protecting individuals, businesses, and organisations.
“The collaboration will enhance the government and Microsoft’s joint capability to identify, prevent and respond to cyber threats,” the two organisations said.
“MACS will include the evolution of national threat intelligence sharing capabilities, with a focus on detecting, analysing and defending against sophisticated nation-state cyber threats.”