AWS Pumps $9 Billion into Singapore's Cloud and AI Growth, Eyes Regional Dominance
May 9, 2024![AWS Pumps $9 Billion into Singapore's Cloud and AI Growth, Eyes Regional Dominance](https://cdn.brief.news/images/stories/1cfb71d4f2f9c504a7295a3afb3bb21777ee586739deffe37fdb7519e9cec4333f9b4e643b1f786657a3b841d34fb49a29c7ee956debe14d7d36ae19bfa9bb79.jpg)
Amazon Web Services (AWS) pledges an additional U.S.$9 billion investment in Singapore to expand cloud infrastructure over the next four years.
The investment responds to increasing demand for cloud services and aims to boost artificial intelligence (AI) adoption in Singapore.
AWS's expansion in Singapore is expected to generate over 12,000 annual jobs and provide substantial economic contributions.
Collaboration between AWS and the Singapore government is set to enhance AI integration within local businesses, aligning with AWS's focus on the Asia-Pacific region.
Following a tripling of profits in the first quarter of 2024, AWS also has plans for data center investments in Mexico, Saudi Arabia, and the United States.
The investment underlines Singapore's role as a hub for regional innovation and global digital competitiveness, reflecting a larger trend of tech investments in the Asia-Pacific area.
Summary based on 16 sources
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Sources
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Yahoo Finance • May 7, 2024
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Yahoo Finance • May 7, 2024
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The Globe and Mail • May 7, 2024
1 Unstoppable Stock Set to Join Nvidia, Microsoft, Apple, and Alphabet in the $2 Trillion Club