Microsoft expects to spend $80 billion on AI this fiscal year
Microsoft president Brad Smith on Friday said the company is on track to pump about $80 billion into artificial intelligence (AI) this fiscal year.
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Smith contended AI is poised to transform all aspects of life, and it is imperative that the United States be the global leader when it comes to the technology, he wrote in an online post.
«In many ways, artificial intelligence is the electricity of our age, and the next four years can build a foundation for America's economic success for the next quarter century,» Smith said.
«The United States is poised to stand at the forefront of this new technology wave, especially if it doubles down on its strengths and effectively partners internationally.»
Smith called on President-elect Donald Trump and Congress to expand support for AI innovation with moves such as increased funding for research at universities and the National Science Foundation.
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