Amazon.com Inc. (AMZN, Financials), the e-commerce and cloud giant, plans to invest more than €16 billion, or about $18 billion, in Germany in 2027.
The package touches on numerous elements of Amazon’s business, but cloud and AI technology are central to it. The business stated €4.8 billion will go to developing the Frankfurt cloud area of Amazon Web Services and associated AI technology.
Amazon is also planning new logistical initiatives that are projected to bring more than 3,000 employment, continued expansion of its Amazon Leo satellite broadband network and more Prime Video productions.
It will also create a second research facility for robotics and AI in Berlin . It all depends on the level of devotion.
Amazon claims it has invested more than €100 billion in Germany since 2010, making the nation one of its top European markets.
The increased spending also comes as demand for AI computing continues to drive large technology corporations to make greater data center investments…
https://www.gurufocus.com/news/9131398/amazons-16-billion-germany-bet-goes-far-beyond-aws
