Microsoft to invest $2.9 billion to boost AI business

Microsoft Corp will invest about $2.9 billion over the next two years to boost its artificial intelligence (AI) business in Japan, the Nikkei newspaper reported, citing the company's president.

The US tech firm will announce the plans soon when Japanese Prime Minister Fumio Kishida visits the United States, the Nikkei said in its interview with Microsoft President Brad Smith.

Microsoft did not immediately respond to a Reuters request for comment.

Under the plan, which the Nikkei said would be Microsoft's largest investment in Japan, the company will install advanced AI semiconductors at two existing facilities in eastern and western Japan, the report said.

The company also plans to announce an AI-related reskilling program in Japan to train three million workers over three years and to set up a new lab in Tokyo for research and development on robotics and AI, the report said.

Meanwhile, Bloomberg reported that OpenAI will open a new office in Tokyo. Last year, Microsoft invested $13 billion in OpenAI, which came to prominence after introducing ChatGPT chatbot.

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