Microsoft Announces $3 Billion AI Investment in India: On Tuesday,
Microsoft CEO Satya Nadella announced that the company plans to invest $3 billion
in India over the next two years to enhance cloud infrastructure, artificial intelligence (AI), and training.
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Producer Prices in the Eurozone
Microsoft Announces $3 Billion AI Investment in India
On Tuesday, Microsoft CEO Satya Nadella revealed the company’s plan
to invest $3 billion in India over the next two years to strengthen cloud infrastructure, artificial intelligence, and training programs.
This investment comes amid increasing competition in the AI market in India,
which has become a key destination for major tech companies due to its vast population and promising tech talent.
Nadella highlighted that the investment will include establishing new data centers,
emphasizing that India is quickly emerging as a leader in AI innovation, opening new avenues for development across the country.
This announcement follows less than a week after Microsoft President Brad Smith
stated that the company plans to invest $80 billion globally in AI this year,
focusing on building data centers and advancing technological infrastructure.
The AI sector in India has garnered significant attention from global companies.
Senior officials from Nividia and Meta recently visited the country, underscoring India’s growing stature as a hub for technological development.
Factory Orders in Germany Record Biggest Contraction in 3 Months
Data from Germany’s Federal Statistical Office (Destatis) on Wednesday showed a continued contraction in factory orders,
with a 5.4% decline in November compared to October.
This marks the largest monthly drop in three months and is significantly
worse than market expectations of a slight 0.3% decline after a 1.5% contraction in October.
Factory orders fell by 1.7% in November compared to last year’s month, following a 5.7% growth in October.
This reflects ongoing pressures on the industrial sector in the Eurozone’s largest economy.
Eurozone Producer Prices Record Annual Decline and Monthly Increase Due to Energy Prices
Data released by Eurostat on Wednesday indicated that producer prices
in the Eurozone’s industrial sector recorded a 1.2% annual decline in November, compared to a 3.3% drop in October.
Every month, producer prices rose by 1.6% in November after a 0.4% increase in October,
primarily driven by a 5.4% surge in energy prices. In contrast, durable consumer goods prices fell by 0.2%,
while non-durable goods prices remained unchanged.
The data also showed that energy prices in the Eurozone dropped by 5.3% year-over-year,
while intermediate goods prices fell by 0.3%, offsetting the impact of rising prices in other categories.
On a country level, Slovakia recorded the most significant annual drop in industrial producer prices at 18.7%,
followed by Luxembourg at 6.6% and France at 5.2%.
These figures highlight ongoing economic pressures in the Eurozone,
with significant energy price volatility affecting overall pricing trends in the industrial sector.
Microsoft Announces $3 Billion AI Investment in India