UPDATE 1-Microsoft plans $1 billion investment in Thailand, Thai government says

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Microsoft Corporation

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- Microsoft MSFT.O plans to invest $1 billion in Thailand over the next two years in cloud services and AI infrastructure, the Thai government said in a statement.

  • The investment includes developing digital skills of the Thai workforce, the statement said.

  • The announcement follows a number of data centre investments to support AI, as Southeast Asia's second-largest economy looks to speed up projects involving data centres, electronics, and power generation.