Amazon plans to invest more than €16 billion in Germany in 2027. The funds are planned to be directed toward the development of cloud computing, artificial intelligence technologies, satellite internet and the media business, Channel NewsAsia reports.
Investments in cloud infrastructure
The investment package was announced at the Invest in Germany summit in Berlin. In particular, the company plans to spend €4.8 billion on expanding the Amazon Web Services cloud region in Frankfurt and AI infrastructure.
According to Amazon, the company has already invested more than €100 billion in Germany since 2010. The new investments are part of the expansion of the company’s European operations amid growing demand for artificial intelligence services and competition among technology companies to develop cloud infrastructure.
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