10 AI News You Shouldn’t Miss

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 279

Microsoft Corporation (NASDAQ:MSFT) is a Washington-based technology company. Satya Nadella, the CEO of the firm, recently spoke at an event in Mexico City, announcing that his company would invest $1.3 billion over the next three years to build up AI infrastructure in the country. In a statement issued on the potential announcement, Microsoft revealed that the investment would go toward improving connectivity and boosting the adoption of AI technology by small and medium-sized businesses. The firm plans to reach 5 million Mexicans and 30,000 SMBs in three years, per the initial plans. Microsoft and communications company Viasat are also working to bring the internet to more than 150,000 Mexicans previously without cellular connectivity by the end of 2025.