Amazon to Invest £8 Billion in UK Data Centers, Cloud Business, and AI Infrastructure

Sep 11, 2024, 05:41 AM

Amazon Web Services (AWS) announced plans to invest £8 billion ($10.5 billion) in the United Kingdom over the next five years to build and operate data centers and grow its cloud business and AI infrastructure. This significant investment is expected to boost the UK GDP by £14 billion by 2028 and support over 14,000 jobs across the country. The move is part of a broader expansion strategy in Europe and provides a welcome economic boost for Britain's new Labour government. Chancellor Rachel Reeves highlighted the investment as a key step in the nation's economic revival, demonstrating that the UK is a favorable place for business.