Microsoft to invests $5 billion in Australian to boost the country’s digital economy

Australian Prime Minister Anthony Albanese announced that Microsoft will inject an additional $5 billion into Australia, bolstering the nation’s quest to become a global digital economy leader. This substantial investment will primarily focus on skills development, equipping the upcoming Australian workforce with the necessary capabilities to thrive in future job prospects.

Microsoft’s investment will facilitate the expansion of its hyperscale cloud computing and AI infrastructure across Australia over the next two years. This expansion plan will see the number of local data centre sites increase from 20 to 29, with locations in Sydney, Canberra, and Melbourne. This strategic move is expected to solidify Australia’s position as a key player in the global cloud computing landscape, particularly with a projected near-doubling of demand by 2026.

In line with this commitment, Microsoft will establish the Microsoft Data Centre Academy in New South Wales by 2024, in collaboration with TAFE NSW. This academy will prioritise the development of applied data centre skills and offer alternative employment pathways within Australia’s tech sector, with a specific focus on underrepresented groups, such as women and Indigenous Australians. Additionally, the new data centres will incorporate low-carbon construction materials and renewable energy sources to support sustainability initiatives.

As part of their broader commitment, Microsoft is set to back programs aimed at upskilling an additional 300,000 Australians through their global skills program. These programs will play a pivotal role in empowering Australians to acquire the necessary competencies to excel in the digital economy.

Furthermore, Microsoft will join forces with the Australian Signals Directorate (ASD) to introduce the Microsoft-ASD Cyber Shield, a collaborative initiative to enhance Australia’s resilience against cyber threats affecting individuals, businesses, and government entities. The Cyber Shield program will enhance the collective ability to detect, prevent, and respond to the increasing frequency and severity of cyber threats, aligning with Australia’s 2023-2030 Cyber-Security Strategy, which seeks to establish the country as a world leader in cybersecurity by 2030.

The Prime Minister enthusiastically welcomed this landmark investment during his official visit to the USA, with science and technology taking centre stage in discussions.