Microsoft has confirmed plans to invest $3 billion in India to help the country develop its cloud and AI infrastructure, boosting adoption and upskilling the workforce as it goes. The news was confirmed yesterday by CEO Satya Nadella, who said the money would be available over the course of the next two years.

More than half of the investment has been earmarked for infrastructure in the U.S.. Microsoft President Brad Smith frames AI investment as key to economic growth.

According to its management, Microsoft (NASDAQ: MSFT) will invest $80 billion in data centers over the next year. To put this in some context, Microsoft’s revenue in the most recently reported quarter was $65.

The massive sum will go towards building out datacenters for training AI models, as well as deploying and improving global AI and cloud-based applications.