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Amazon Continues to Invest Billions in Germany Since 2010; Latest Funding Pledge Signals Further Growth

Amazon Continues to Invest Billions in Germany Since 2010; Latest Funding Pledge Signals Further Growth
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Amazon is planning to invest a significant amount of money in Germany to enhance its logistics network and cloud infrastructure. The company will invest €10 billion, with AWS contributing €8.8 billion by 2026 to support the AWS Europe (Frankfurt) region. This investment aims to meet the growing demand for AWS services, especially in AI technologies, in Germany.

AWS offers a range of cloud and AI services in Germany, including the rock frame for large language models. The company’s R&D labs in Berlin will also be expanded to focus on AI and robotics technologies. With this investment, Amazon aims to help German customers innovate and lead in technology using AWS cloud capabilities.

This investment adds to Amazon’s previous commitment to Germany, bringing the total planned investments in the country to €17.8 billion. The company had recently announced a €7.8 billion financing package for AWS’s European sovereign cloud in Germany, emphasizing its focus on data residency and privacy regulations.

In addition to infrastructure investments, Amazon plans to create 4,000 new jobs in Germany this year, with new logistics centers opening in different regions. This will increase the company’s total workforce in Germany to over 40,000 permanent employees. These new jobs are expected to contribute significantly to Germany’s GDP and support local communities through various investments and job opportunities.

Overall, Amazon’s investment in Germany reflects its commitment to supporting innovation, technology development, and job creation in the country. The company’s focus on expanding its infrastructure and workforce highlights its long-term commitment to the German market and its goal of driving economic growth and development in the region.

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https://www.itpro.com/cloud/cloud-computing/amazon-has-invested-more-than-dollar82-billion-in-germany-since-2010-but-its-latest-funding-pledge-shows-it-isnt-stopping-there

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