tech
Japan's Sakura Internet jumps 20% as Microsoft plans $10 billion AI push with SoftBank
Microsoft said it plans to invest $10 billion in Japan between 2026 and 2029 to build AI infrastructure.
TL;DR
- Microsoft plans a $10 billion investment in Japan from 2026-2029 for AI infrastructure.
- Sakura Internet and SoftBank Corp. will partner with Microsoft to provide AI computing resources in Japan.
- The investment aims to meet growing demand for cloud and AI services and train 1 million engineers by 2030.
- Microsoft will also partner with other Japanese IT companies for engineer training.
- Shares of Sakura Internet surged 20.2% on the news.