In order to increase its cloud computing capabilities in Singapore over the next four years, Amazon said on Tuesday that it will invest $9 billion in the city.
The IT behemoth claimed that the sum doubles its investment in the city-state and will assist it in implementing artificial intelligence and meeting the rising demand for cloud services.
“AWS (Amazon Web Services) is doubling down on its cloud infrastructure investments in Singapore from 2024 to 2028 to support customer demand, and help reinforce Singapore’s status as an attractive regional innovation launchpad…,”the business stated in a statement.
The e-commerce behemoth revealed last week that its cloud, advertising, and retail operations all saw quadruple profits in the first three months of 2024.
