Microsoft launched Microsoft Frontier Company, a $2.5 billion venture to help enterprises fold Microsoft and third-party AI into their own customer data, with Unilever and Novo Nordisk among early clients. On the same day, the company joined a Lightstorm-led consortium building the I-2SEA undersea cable across Asia. Its shares rose 1.62%.
Microsoft moved on two fronts to widen its artificial intelligence reach, committing $2.5 billion to a new unit called Microsoft Frontier Company. The unit helps enterprises integrate Microsoft and third-party AI using their own customer data. Unilever and Novo Nordisk are among its early clients.
Microsoft joins the I-2SEA cable consortium
Alongside the Frontier launch, Microsoft joined a Lightstorm-led consortium to build the I-2SEA undersea cable, a link connecting India, Malaysia and Singapore. The company is adding landing stations to expand its AI and cloud infrastructure across Asia.
Shares gain on the news
Microsoft stock rose 1.62% as the two announcements landed together.
The two announcements landed on the same day, pairing a corporate AI unit with a network buildout across Asia. Traders following stock trading will watch how the spending feeds into the company’s results.
Source: TradingView (snippet-based)
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