AWS Pumps $9 Billion into Singapore's Cloud and AI Growth, Eyes Regional Dominance
May 8, 2024
Amazon Web Services (AWS) pledges an additional U.S.$9 billion investment in Singapore to expand cloud infrastructure over the next four years.
The investment responds to increasing demand for cloud services and aims to boost artificial intelligence (AI) adoption in Singapore.
AWS's expansion in Singapore is expected to generate over 12,000 annual jobs and provide substantial economic contributions.
Collaboration between AWS and the Singapore government is set to enhance AI integration within local businesses, aligning with AWS's focus on the Asia-Pacific region.
Following a tripling of profits in the first quarter of 2024, AWS also has plans for data center investments in Mexico, Saudi Arabia, and the United States.
The investment underlines Singapore's role as a hub for regional innovation and global digital competitiveness, reflecting a larger trend of tech investments in the Asia-Pacific area.
Summary based on 16 sources
Get a daily email with more Tech stories
Sources

Yahoo Finance • May 7, 2024
In Data: Global cloud industry set to exceed $1.4trn by 2027 as AWS doubles Singapore cloud investment
Yahoo Finance • May 7, 2024
1 Unstoppable Stock Set to Join Nvidia, Microsoft, Apple, and Alphabet in the $2 Trillion Club
The Globe and Mail • May 7, 2024
1 Unstoppable Stock Set to Join Nvidia, Microsoft, Apple, and Alphabet in the $2 Trillion Club