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Amazon to Invest $9B in Singapore, Boosting Cloud Services and AI Over Four Years
May 7, 2024, 03:25 AM
Amazon has announced plans to invest $9 billion (SG$12 billion) over the next four years to expand its cloud computing infrastructure in Singapore. This investment is expected to support over 12,000 jobs annually and contribute approximately $17.6 billion (SG$23.7 billion) to Singapore's GDP by 2028. The expansion aims to meet increasing demand for cloud services and artificial intelligence capabilities in the region.
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