Microsoft announces $3 billion AI and cloud expansion in India

Microsoft will invest $3 billion to expand AI and cloud-computing infrastructure in India, CEO Satya Nadella announced during a conference in Bengaluru. The investment, the company’s largest expansion in the country, aims to strengthen its Azure cloud services and AI capabilities. Nadella also revealed plans to train 10 million people in AI by 2030, building on an earlier commitment to provide AI skilling opportunities for two million individuals by 2025, with a focus on smaller cities and rural areas.

India’s growing importance as a tech hub has attracted interest from major US technology firms, with recent visits from Nvidia’s Jensen Huang and Meta’s chief AI scientist Yann LeCun. Nadella met Prime Minister Narendra Modi to discuss technology, innovation, and Microsoft‘s ambitious plans for expansion in the country. India’s vast population and affordable internet access make it a key market for AI-driven growth.

Microsoft is making significant global investments in AI and cloud infrastructure, committing around $80 billion in fiscal 2025. More than half of that will be directed towards US data centers to support AI model training and cloud-based applications. With India positioned as a strategic market, Microsoft’s latest investment underscores the country’s growing role in the global AI ecosystem.

Goodman Group surges as AI boom fuels data centre demand

Goodman Group has emerged as a standout performer in Australia’s real estate sector this year, with its stock soaring 45.8%, marking its strongest run since 2006. The surge is driven by a boom in AI, which has sparked frenzied demand for data centres. Global tech giants like Amazon, Microsoft, and Meta have poured billions into expanding their data centre capacity, fueling growth for developers like Goodman.

At the end of September, 42% of Goodman’s A$12.8 billion ($7.96 billion) development portfolio was dedicated to data centres, a jump from 37% last year. Analysts like John Lockton of Sandstone Insights see this focus as a key strength, noting the company’s access to land with power supply, a critical factor for future data-centre projects.

Despite the optimism, some caution remains. Analysts warn that soaring valuations in the data-centre sector could cool investor enthusiasm. Goodman’s high stock prices and concerns over risks like obsolescence and increased competition raise questions about long-term returns. Nonetheless, with robust demand for AI infrastructure, Goodman’s pipeline and strategic positioning keep it well-poised for continued growth.

CMI and Telecom Egypt to boost global connectivity

China Mobile International (CMI) and Telecom Egypt have forged a strategic commercial partnership to address the growing global demand for data and enhance global connectivity. By leveraging their subsea cable infrastructure, the collaboration aims to meet the surging need for high-bandwidth applications like video streaming, cloud computing, and remote work solutions.

With global internet traffic projected to reach 396 exabytes per month by 2025 and a 23% compound annual growth rate (CAGR) in sectors like e-commerce, finance, and telemedicine through 2030, the partnership focuses on expanding network routes to improve diversity and resiliency. That will ensure more reliable services and seamless connectivity for businesses and consumers worldwide.

Additionally, CMI’s advanced digital solutions, combined with Telecom Egypt’s extensive infrastructure, will offer enterprises tailored DICT (digital, information, communication, and technology) solutions, empowering them to drive digital transformation and remain competitive in the evolving market. The collaboration aims to accelerate the development of the digital economy and create greater economic and societal value.

By enhancing infrastructure and expanding global reach, CMI and Telecom Egypt are positioned to lead the digital services market, providing innovative solutions supporting business growth and international consumers’ evolving needs. The partnership strengthens their ability to serve businesses in Egypt and the surrounding regions and contributes to broader economic growth through enhanced connectivity and digital transformation.

EU backs Azerbaijan’s digital transformation with €43 million investment in green data centres

The European Investment Bank’s global arm, EIB Global, has granted a €43 million loan to Azerbaijan’s state-owned enterprise, AzInTelecom LLC, to develop a digital infrastructure for public administration. The funding will be used to construct two new state-of-the-art data centres offering cloud services and using green technologies.

That marks EIB Global’s first loan to Azerbaijan’s public sector. The project aims to improve the security, speed, and accessibility of government services while fostering innovation and creating skilled jobs. Expected to be completed by 2027, it will modernise public administration, contribute to sustainable economic growth, and support social progress in the country.

The initiative aligns with the European Union’s Economic and Investment Plan for the Eastern Partnership and the Global Gateway strategy. These frameworks underscore the EU’s commitment to promoting digital transformation and sustainable development in the region.

By supporting this project, the EU aims to help Azerbaijan achieve greater innovation, transparency, and economic resilience, contributing to broader regional stability and progress goals.

stc Bahrain and Huawei to drive digital innovation and talent development

Stc Bahrain has partnered with Huawei to launch the fourth edition of its successful Technical Capacity Program, aligning with Bahrain’s Economic Vision 2030 to foster digital innovation and talent development. The program aims to advance Bahrain’s digital economy by providing extensive training in critical ICT sectors, including networking, cybersecurity, cloud computing, AI, and emerging technologies.

Participants will gain hands-on experience through technology showcases, engaging with the latest industry advancements and best practices. This year, the program will expand across stc Bahrain’s entire technology divisions, including Digital, Business, Wholesale, Consumer, and Customer Experience, reflecting the company’s commitment to empowering its workforce and driving the country’s digital transformation.

The initiative plays a key role in stc Bahrain’s broader digital transformation strategy by equipping employees with the skills necessary to innovate and lead in the telecommunications sector. The program is vital for nurturing a culture of continuous learning and talent development.

Through this collaboration, stc Bahrain is contributing to developing a highly skilled ICT workforce in Bahrain and supporting the kingdom’s goal of achieving sustainable economic growth and leadership in the digital space.

Renewable energy investment continues under Trump, MUFG Americas says

Despite the incoming administration of Donald Trump, the US shift towards renewable energy is expected to continue, according to Mitsubishi UFJ Financial Group’s (MUFG) Americas CEO, Kevin Cronin. While Trump’s policies may favour fossil fuels, Cronin emphasised that renewable energy projects, which take years to plan and build, remain integral to the bank’s strategy regardless of political changes. MUFG, Japan’s largest banking group, remains committed to financing these long-term projects.

The bank’s position has been bolstered by President Joe Biden’s Inflation Reduction Act, which supports infrastructure and renewable investments. However, the real growth opportunity now lies in the booming demand for energy from data centres, driven by AI. Data centre capacity is expected to double by 2030, making reliable energy — both renewable and fossil-based — critical for future expansion.

MUFG has maintained its lead in project finance for 14 consecutive years and is adapting to state-level variations in energy policy. Since selling its retail banking arm in 2022, MUFG has focused on wholesale banking and technology-related sectors, even hiring talent from the collapsed Silicon Valley Bank to strengthen its position. The US market remains a cornerstone of MUFG’s global profits, contributing nearly 30% of its earnings in the last fiscal year.

Geothermal energy startups rise as tech giants seek clean power for AI

Geothermal energy is gaining momentum as Big Tech companies like Meta and Google turn to it to power their energy-hungry AI data centres. Startups such as Fervo Energy and Sage Geosystems are partnering with these firms to harness geothermal’s promise of carbon-free, reliable electricity. Unlike wind and solar, geothermal energy offers consistent power, though it faces challenges like high drilling costs and long approval timelines.

Oil and gas companies are also showing interest. Devon Energy and other mid-sized producers are investing in geothermal to meet their own energy needs. However, major oil players like Chevron and Exxon Mobil remain focused on natural gas, promoting it alongside carbon capture technology to reduce emissions.

Interest in geothermal is expanding, particularly in Texas, where abundant resources and streamlined regulations attract new projects. More than 60 geothermal startups have emerged in recent years, supported by improving investment conditions and bipartisan government initiatives like the CLEAN Act and HEATS Act. If these laws pass, they could further boost the sector by simplifying project approvals.

With geothermal’s competitive costs—averaging $64 per megawatt-hour—it may become a key part of a diverse energy mix. As AI-driven data centres grow, the demand for clean and consistent power is driving geothermal’s rise, offering a potential alternative to traditional fossil fuels.

iGenius and Nvidia partner on massive AI Data centre in Italy

Italian startup iGenius and Nvidia are teaming up to launch one of the largest deployments of Nvidia’s advanced servers by mid-2025. The ‘Colosseum’ data centre in southern Italy will house around 80 GB200 NVL72 servers, each powered by 72 of Nvidia’s latest Blackwell chips, enabling unprecedented AI computing capabilities.

iGenius, a European AI unicorn with over €650 million in funding this year, specialises in open-source AI models for industries like banking and healthcare, prioritising strict data security. The Colosseum system will leverage Nvidia’s tools, including the NIM software platform, to simplify AI model distribution for businesses using Nvidia hardware.

Nvidia executives lauded the partnership, with VP Charlie Boyle highlighting its scale and uniqueness. Multiple Nvidia teams are working closely with iGenius to bring the cutting-edge system online, marking a significant milestone in AI infrastructure development.

Legal challenges mount over Microsoft’s Cloud practices

The UK’s Competition and Markets Authority (CMA) has postponed the release of provisional findings from its cloud computing investigation to January 2025, according to an updated timeline. Despite this delay, the final report remains on schedule for July 2025. The investigation targets potential anti-competitive practices in a market heavily influenced by Amazon Web Services, Microsoft Azure, and Google Cloud Platform.

This inquiry follows concerns raised by the UK media regulator Ofcom, which highlighted issues such as restrictive data transfer fees and volume discounts that might prevent customers from switching providers or using multiple suppliers. Microsoft’s software licensing terms, especially concerning its Windows Server and Microsoft 365 products, are also under scrutiny for potentially disadvantaging competitors.

Adding to Microsoft’s challenges, a legal claim filed at the UK Competition Appeal Tribunal accuses the company of imposing punitive licensing policies that could cost British businesses over £1B in damages. Meanwhile, the US Federal Trade Commission is conducting a parallel antitrust investigation, broadening the global focus on the tech giant’s market practices.

The CMA’s findings and potential legal outcomes could reshape the dynamics of cloud computing, a vital sector for businesses and governments worldwide.

Open source (still) means innovations

There is no need to explain the importance of the global network innovation we enjoy today. Many lines have been written on the possibilities and the marvels the network delivers daily. After an initial couple of decades of admiration, the same thing happened with many other wonders of the world we witnessed throughout civilization. We took it for granted. We do not discuss its structure, backbone, and the incentive structure behind it. Unless it interferes with our daily life and freedom.

This is true for any network user, being a state actor, cloud computing company, or everyday end user. When we look at the backbone of the internet, almost everything is open source. What does this mean? Basic protocols and ways we connect over the internet are documented and open for everyone to observe, copy, and build upon. They are agreed upon as a set of transparent public instructions that are free of proprietary obligations. 

Industry and innovation 

To distinguish innovation from the industry (which might be important to go forward), we can introduce a simple correlation: The industry is an ecosystem that emerged on the need to make the invention more available. The vision of utility is in the industry, and the value of innovation is proven with every iteration of utility. Following this correlation, we can indeed say that the more transparent innovation, the greater its value (or we tend to give it such a position).

When we look at the internet industry, we observe that companies and strategies that followed openness have benefited massively from the invention. This system of benefits from the open source approach can work in depth for both the invention and the consequential industry. To name a couple of the greatest examples: Alphabet (Google, YouTube, or Maps), Linux (used to run almost the entire internet backbone infrastructure), Android (revolutionising the app market, levelling the entry field, and reducing the digital divide). All of them are open source, built on the open-source innovation of the internet.

 Architecture, Building, Diagram, CAD Diagram

A closer look at resiliency

Let’s look at one example that may illustrate this precisely: bitcoin. It started as an open-source project and is still one of the most maintained public databases on the internet. Bitcoin brings back the idea of private money after 100 years of the nation’s monopoly on money. Although it is pointed out as a danger to the international financial system, there is no possible coordinated action by such entities to take down this system and/or ban it permanently. Why? The simple answer is in the trade-off. 

Stopping bitcoin (or any digital information online) is not impossible per se but would require massive resources. This would require full control of all communication channels towards the internet, including banning satellites from orbiting above your geolocation and persistent efforts to ensure no one is breaching the ban. But in 2024, such a ban would create a tear in the fabric of society. Societal consequences would widely overcome the possible benefits.

Instead, as long as it is neutral, bitcoin does not present a threat but rather an opportunity for all. All other competitors built on bitcoin principles are not the same for that particular reason: they are not open source and transparent. No Central Bank Digital Currency (CBDC), privately issued stablecoin, or any of the thousand cryptocurrency impersonators have proven to hold any of the bitcoin’s value. Following the earlier distinction, innovation is open source, but the industry around it is not so much.

Open source is the right way, not the easy one

Does the above mean that when an industry is not based on open source, it cannot make great discoveries and innovate further? No, not at all. Intellectual property is a large part of the portfolio of the biggest tech companies. For example, Apple’s IP revenues culminated in around USD 22.6 billion in research and development expenditures (in 2022) The proprietary industry moves the needle in the economy and creates wealth, while open source creates opportunities. We need both for a healthy future. All of our opportunities may not result in imminent wealth, but rather in inspiration to move forward rather than oppose the change. 

In simple terms, open source empowers the bottom-up approach to building for the future. It helps expand the base of possible contributors, and maybe most importantly, reduces the possibility of ending up in ‘knowledge slavery’. It can create a healthy, neutral, starting point. The one most will perceive as a chance rather than a threat. 

If all of you had one particular innovation in mind while reading all this, you are right!

Artificial intelligence (AI) is a new frontier. AI is actually a bit more than just a technology, it is an agent. Anyhow, it is an invention, so chances are high it will follow the path we described above, enabling an entirely new industry of utility providers.

No need to be afraid

We hear all the (reasonable) concerns about AI development. Uncertainties on whether AI should be developed beyond human reach and concerns regarding AI in executive positions, all are based on fear of systems with no overview.  

In the past, the carriers of the open source (openness and transparency) approach were mostly in academia. Universities and other research institutions contributed the most to the open source approach. It is a bit different in the AI field. For that, companies are leading the way.  

The power to preserve common knowledge is still in the hands of states, and under the set of business and political circumstances, the private sector is also the biggest proponent of the open source approach. With the emergence of large language models and generative AI, the biggest open source initiatives came from Meta (LLaMa) and Alphabet (T5). They align with the incentive to statute open source as a standard for the future. We might be in an equilibrium moment in which both sides agree on the architecture for the future. Nations, international organisations, and the private sector should seize this opportunity. This new race toward more efficient technology of the future should evoke optimism, but there cannot be one without the bottom- up and open source approach to innovation. 

The open source approach is still the way forward for innovation. and can build neutral ground, or at least will not be perceived as a threat.

Read more of our ideas about the way forward in AI governance on the humAInism page