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(KPL/VNA) - Amazon said on May 7 it will invest 9 billion USD in Singapore over the next four years to expand its cloud computing capabilities in the island city.
(KPL/VNA) - Amazon said on May 7 it will
invest 9 billion USD in Singapore over the next four years to expand its cloud
computing capabilities in the island city.
The announcement comes after fellow tech
titan Microsoft unveiled investment worth billions of dollars in the similar
sectors in Southeast Asia last week as firms look to take advantage of growing
demand in the region.
Amazon said the figure doubles its investment
in the city-state and will help it meet growing demand for cloud services and adopt
artificial intelligence.
Priscilla Chong, Country Manager of Singapore
for Amazon Web Services (AWS), said that AWS is doubling its cloud
infrastructure investment in Singapore from 2024 to 2028 to support customer
demand, and help reinforce Singapore’s status as an attractive regional
innovation launchpad.
Amazon said its investment will support some
12,000 jobs in Singaporean businesses each year. It is also partnering with the
Singapore government to help local businesses accelerate the AI adoption.
The e-commerce titan last week said profit in
the first three months of this year tripled as its cloud, ads, and retail
businesses thrived. It is also testing an AI chatbot named Rufus that provides
shopping tips to US mobile app customers. Meanwhile, generative AI features for
sellers help them create product listings.
The company also plans to invest billions of
dollars in AWS data centres in Mexico, Saudi Arabia and the US in coming years.
Tech giants such as Amazon and Microsoft have
been investing more in Southeast Asia recently.
Microsoft pledged 2.2 billion USD in AI and
cloud computing investment in Malaysia on May 2. That announcement came after
tech chief Satya Nadella unveiled a 1.7 billion USD investment in Indonesia, as
well as Thailand's first data centre region.
KPL