Microsoft yesterday took a giant leap towards fulfilling its mission of giving back to society, and acknowledged through philanthropy the growing importance of cloud computing in the modern age.

The Redmond-based company made an announcement yesterday to donate $1 Billion worth of ‘cloud computing services’ to university researchers, and non-profit organizations. These services, billing into multiple digits, would be doled out to these universities, and over 70,000 such organizations over the span of next three years.

Microsoft’s Hyderabad-born CEO, Satya Nadela, who was at the heart of this decision said that he believes that cloud computing has [...]