Microsoft’s Philanthropy Unit to Donate $1B Toward Cloud Computing Technologies

Grazed from StreetInsider.com. Author: Editorial Staff.

Microsoft Corp. CEO Satya Nadella announced a new three-part initiative to ensure that Microsoft’s cloud computing resources serve the public good. As part of this initiative the recently formed Microsoft Philanthropies will donate $1 billion of Microsoft Cloud Services, measured at fair market value, to serve nonprofits and university researchers over the next three years.

Microsoft’s three-part commitment focuses on ensuring the cloud can serve the public good in the broadest sense by providing additional cloud resources to nonprofits, increasing access for university researchers and helping solve last-mile Internet access challenges. "Microsoft is empowering mission-driven organizations around the planet with a donation of cloud computing services — the most transformative technologies of our generation," said Microsoft CEO Satya Nadella, who on Wednesday will speak at the World Economic Forum in Davos, Switzerland…

"Now more than 70,000 organizations will have access to technology that will help them solve our greatest societal challenges and ultimately improve the human condition and drive new growth equally."…

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