New Delhi, April 3 -- Shares of Japanese firm Sakura Internet jumped over 20% Friday after Microsoft said it has begun discussions with the cloud company and SoftBank to develop artificial intelligence infrastructure in Japan.

Sakura Internet stock price surged as much as 20.27% to 2,967 JPY.

Microsoft said it will invest 1.6 trillion yen ($10 billion) in Japan between 2026 and 2029 to expand artificial intelligence infrastructure and deepen cybersecurity cooperation with the government.

The US technology giant added that it will collaborate with domestic firms, including SoftBank and Sakura Internet, to expand Japan-based AI computing capacity. This will enable companies and government agencies to keep sensitive data within the countr...