Microsoft is planning to invest about $80 billion in fiscal 2025 on developing data centers to train artificial intelligence (AI) models and deploy AI and cloud-based applications, the company said in a blog post on Friday.

Launched in 2021, the NZBA has faced internal tension and mounting opposition from Republican lawmakers. Some states, like Texas, have even sued money managers like BlackRock for promoting climate-friendly strategies. While these banks still support decarbonisation, they prioritise client needs above climate pledges.

Microsoft Corp. plans to spend $80 billion this fiscal year building out data centers, underscoring the intense capital requirements of artificial intelligence.