‘Will also grow the economy’: Microsoft’s new $5 billion Australian investment

📆 24-10-2023 04:23:00
📰 SkyNewsAust

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Tech Council of Australia CEO Kate Pounder says Microsoft’s new $5 billion investment “could not be more timely” as the range of cyber threats against Australia increases. Ms Pounder told Sky News Australia the move is “not all about cyber security” but also aims to grow the economy.

Tech Council of Australia CEO Kate Pounder says Microsoft’s new $5 billion investment “could not be more timely” as the range of cyber threats against Australia increases.

Ms Pounder told Sky News Australia the move is “not all about cyber security” but also aims to grow the economy. “The third part of this deal will invest in the Australian people, creating new jobs and training pathways.” “It’s vital because as we digify our economy we are using more and more computer processing power and to be competitive we need access to more and more infrastructure.”

The investment is Microsoft’s largest in the company’s 40 years in Australia, and has been welcomed by Prime Minister Anthony Albanese who said it will “improve joint capability to identify, prevent and respond to cyber threats.”

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‘Cyber shield’ to be key part of $5b Microsoft investment in AustraliaPrime Minister Anthony Albanese will reveal the plans on the first day of his US visit, promising new jobs in fields such as cloud computing and AI.
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