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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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Does Amazon's investment boost Singapore's GDP significantly by 2026?

Amazon•Singapore

Resolution / Starting Odds

Yes • 50%

No • 50%

Economic reports from Singapore's Ministry of Trade and Industry or other reputable economic analysts.

Does Amazon's investment create 12,000 new jobs in Singapore by 2025?

Amazon•Singapore

Resolution / Starting Odds

Yes • 50%

No • 50%

Employment data released by Singapore's Ministry of Manpower or direct announcements from Amazon.

Is Amazon's Singapore cloud infrastructure operational by 2026?

Amazon•Singapore

Resolution / Starting Odds

Yes • 50%

No • 50%

Official announcements from Amazon or verified news sources reporting on the operational status.

How much will Amazon's cloud service market share in Asia-Pacific grow by 2026?

Amazon•Singapore

Resolution / Starting Odds

Over 30% • 25%

Under 10% • 25%

10% to 20% • 25%

20% to 30% • 25%

Market share reports from cloud service industry analysts and research firms.

Increase in annual AI projects in Singapore due to Amazon by 2026?

Amazon•Singapore

Resolution / Starting Odds

100 to 200 projects • 25%

Under 100 projects • 25%

Over 300 projects • 25%

200 to 300 projects • 25%

Reports from AI industry conferences, academic publications, and tech industry analyses.

Which sector benefits the most from Amazon's cloud expansion by 2026?

Amazon•Singapore

Resolution / Starting Odds

Retail • 34%

Financial Services • 33%

Technology • 33%

Industry reports and economic analysis published by financial and tech industry analysts.