E-commerce giant Amazon announced on Thursday an additional $13-billion investment by 2030 to expand its artificial intelligence footprint in India, months after declaring plans to invest more than $35 billion."Amazon's cumulative investments in India from 2010-2030 stand at over $88 billion," the company said.
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Amazon and Microsoft's cloud computing services should be designated gatekeepers under EU rules aimed at reining in the power of Big Tech, EU antitrust regulators said on Thursday. Amazon Web Services and Microsoft Azure, the two largest cloud providers globally, should be designated gatekeepers under the Digital Markets Act which sets out a list of dos and don'ts to ensure a level playing field, the European Commission said. The preliminary findings by the EU competition enforcer came after a seven-month long investigation.
Amazon’s planned spending to expand and support AI and cloud infrastructure in India builds on the $35 billion investment that was outlined last year.
(Bloomberg) -- Amazon.com Inc. added $13 billion to its planned India investments, accelerating its buildout of artificial intelligence and cloud infrastructure in the world’s most populous country.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapGrand Ole Opry House Up For Sale by Owner Ryman HospitalityStocks Climb Late After Micron’s Blowout Outlook: Markets WrapOracle Cut 21,000 Jobs in 12 M
Amazon said on Thursday it will invest an additional $13 billion by 2030 in India to expand its AI and cloud infrastructure. The new investment is in addition to its planned $35 billion funding announced last year, taking the e-commerce firm's investment in the country to $48 billion through 2030. The announcement follows a meeting between Amazon CEO Andy Jassy and Indian Prime Minister Narendra Modi on Thursday in New Delhi.
June 25 (Reuters) - Amazon said on Thursday that it is investing an additional $13 billion in India by 2030 to expand and support AI and cloud infrastructure.
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