| | MAY 20249Microsoft, a US-based technology firm, promised $ 2.2 billion in artificial intelligence and cloud computing funding in Malaysia to assist with fostering the country's artificial intelligence framework. Microsoft CEO Satya Nadella is on a three-country visit through Southeast Asia - Indonesia, Thailand, and Malaysia to report a scope of interests in data centers, cloud services, and Artificial intelligence (AI). "Today, Microsoft announced it will invest $2.2 billion over the next four years to support Malaysia's digital transformation -- the single largest investment in its 32-year history in the country," it said in a statement released as Nadella gave a keynote speech in Kuala Lumpur. It said the money would assist with building a cloud foundation and AI in Malaysia, making AI a focal point of greatness, and giving AI training to upwards of 200,000 Malaysians. "We are committed to supporting Malaysia's AI transformation and ensure it benefits all Malaysians," Nadella said in the statement. "Our investments in digital infrastructure and skilling will help Malaysian businesses, communities, and developers apply the latest technology to drive inclusive economic growth and innovation across the country." He affirmed the interest in his feature discourse, saying he was "really pleased" to declare the extension. "We really want to make sure that we have world-class infrastructure right here in the country so that every organisation, every software developer, every start-up, can use it to really not only to build for this country, but for the world and the region," he told the crowd. L&T Technology Services, an engineering services company, has inked a roughly 45 million (around $48 million at the current conversion scale) contract with automotive parts maker and provider Forvia to design improvement activities for its perfect mobility division. "As part of this five-year partnership, approximately 300 engineers from Forvia's Augsburg (Germany) and Bangalore (India) sites, have transferred to LTTS. This represents a 95 percent transfer success rate securing the skills of these teams who will develop internal combustion engine related engineering activities from within LTTS," the Indian IT firm said in a regulatory filing. With LTTS in charge, the engineers proceed with their activities for Forvia from their momentum areas, ensuring consistent coordinated effort and progressing support for end users across Computerized PLM drives, it added. Regarding the contract, the specialists will likewise be prepared and reskilled by the LTTS Global Engineering Academy. Made in 2022 from the consolidation of France's Faurecia and Germany's Hella, Forvia professes to be the world's seventh-biggest auto innovation provider. In February, the French-German firm had reported plans to cut 13percent of its European labor force throughout the next few years to support seriousness and productivity in a lazy and moving vehicle market. "Our collaboration with Forvia underscores our proficiency in the transportation and automotive industry, while simultaneously reinforcing our dedication to spearheading progress in the field of traditional engine technologies and new-age digital transformation for ultra-low emissions and clean mobility," said Amit Chadha, CEO and managing director of LTTS. IN FOCUSMICROSOFT TO INVEST $ 2.2 BILLION IN AI & CLOUD IN MALAYSIAL&T TECH SECURES $ 48 MILLION DEAL WITH EUROPEAN AUTO PARTS SUPPLIER FORVIA
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