Amazon.com Inc. has announced a significant investment of 15.7 billion euros ($17 billion) in Spain to expand its cloud business in Europe. This investment is the largest one that Amazon has made in Europe so far. The company’s cloud computing arm, Amazon Web Services (AWS), revealed that this investment will be made over the course of 2033.
This latest commitment in Spain follows a 2021 pledge to spend €2.5 billion in the country. Amazon has been making substantial investments in AWS globally, with similar long-term projects announced in Germany, Mexico, the United States, Saudi Arabia, and Singapore this year. AWS is the leading provider of cloud computing and data storage services through its large server farms, but it faces stiff competition from rivals like Microsoft Corp., which is also expanding globally.
In addition to serving corporate clients with cloud services, Amazon’s data centers play a crucial role in supporting the development of advanced artificial intelligence tools. These tools require significant computing power and prolonged training times. Amazon has also committed to investing 7.8 billion euros in German data centers by 2040 and 1.2 billion euros in infrastructure and computing in France, as per an announcement from French President Emmanuel Macron’s office earlier this month.
This latest move by Amazon underscores the company’s commitment to expanding its cloud business and staying ahead in the fiercely competitive market. AWS’s investments in Europe and around the world demonstrate its focus on supporting technological advancements and meeting the increasing demands for cloud computing services. The investment in Spain is a strategic move to strengthen Amazon’s presence in Europe and tap into the growing market for cloud services in the region.
Overall, Amazon’s investment in Spain reflects the company’s long-term vision for its cloud business and underscores its dedication to innovation and growth in the global technology sector. With this significant financial commitment, Amazon is poised to solidify its position as a key player in the cloud computing industry and continue to drive advancements in artificial intelligence and data storage technologies.
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https://www.bnnbloomberg.ca/amazon-will-invest-15-7-billion-in-spain-in-global-aws-buildout-1.2076093
