Google To Invest $740M in Australia

Google to invest $740m in Australia

Google has announced a five-year investment of A$1 billion ($740 million, £550 million) in Australia.

It is the company’s most significant investment in the country to date.

The funds will be used to construct a research centre, expand Google’s cloud computing capacity, and finance relationships with local organisations, according to Google.

The initiative, dubbed the Digital Future Initiative, is intended to generate 6,000 direct employment and 28,000 indirect jobs.

“Australia can help lead the world’s next wave of innovation, harnessing technology to improve lives, create jobs, and make progress,” Google’s CEO Sundar Pichai said at the initiative’s launch in Sydney.

The corporation will engage with local organisations as part of the investment, including Australia’s research agency, the Commonwealth Scientific and Industrial Research Organisation (CSIRO).

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