Microsoft announces a $3 billion investment in India's cloud and AI infrastructure, emphasizing its dedication to an "AI-first" nation and the growth of the digital economy.

Microsoft plans to invest $3 billion to expand its artificial intelligence and cloud services in India. The firm, which has been operating in India for Microsoft plans to invest $3 billion to expand its AI and cloud Azure services in India,

India is on the brink of a huge technological transformation, and Microsoft is leading the charge. With artificial intelligence (AI) expected to bring $15.7 trillion to the global economy by 2030, Microsoft is investing a massive $3 billion over the next two years to help India harness this incredible potential.

Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC on Wednesday.

Microsoft plans to make a new round of layoffs across the company, impacting employees whose performance has been deemed to fall short of its standards.

Fresh job cuts are sweeping the technology sector with Microsoft the latest company to be making layoffs. The tech giant is cutting less than 1% of its employees, with the reductions based on performance,