Microsoft says it is on pace to invest $50 billion in 'Global South' AI push

The announcement was made at the AI summit in New Delhi, where top executives from global AI giants meet several world leaders this week.

The 'Global South' refers to developing, emerging or lower-income countries, mostly in the southern hemisphere.

Microsoft unveiled $17.5 billion worth of AI investments in India last year, as the U.S. tech giant deepened its bet on one of the world's fastest-growing digital markets.