Amazon Invests $13B in AI Data Centers in Australia by 2029

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Online retail and cloud computing giant Amazon plans to invest more than $13 billion in Australia’s artificial intelligence and cloud infrastructure, the company announced on Saturday.

Amazon plans to invest 20 billion Australian dollars ($13.4 billion) by 2029 to expand Australia’s AI and cloud capabilities, marking the country’s largest publicly announced technology investment to date by a global company.

The investment will go toward expanding, operating and maintaining Amazon Web Services (AWS) data centers in the country.

“This is the…



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Amazon Invests $13B in AI Data Centers in Australia by 2029


Online retail and cloud computing giant Amazon plans to invest more than $13 billion in Australia’s artificial intelligence and cloud infrastructure, the company announced on Saturday.

Amazon plans to invest 20 billion Australian dollars ($13.4 billion) by 2029 to expand Australia’s AI and cloud capabilities, marking the country’s largest publicly announced technology investment to date by a global company.

The investment will go toward expanding, operating and maintaining Amazon Web Services (AWS) data centers in the country.

“This is the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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