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Amazon's announcement follows Microsoft's multibillion-dollar investment in Southeast Asia.
Amazon said on Tuesday it will invest US$9 billion in Singapore over the next four years to expand its cloud computing capabilities in the country.
The announcement comes after fellow tech giant Microsoft last week announced a multibillion-dollar investment in the same sector in Southeast Asia, as companies seek to capitalize on growing demand in the region.
Amazon said the figure would allow it to double its investment in the city-state and meet growing demand for cloud services and the deployment of artificial intelligence.
“AWS (Amazon Web Services) will invest in cloud infrastructure in Singapore from 2024 to 2028 to support customer demand and strengthen Singapore's position as an attractive regional innovation hub. double,” said Priscilla Chong, country manager for Singapore. AWS said so.
Amazon said its investment will support around 12,000 jobs at Singapore companies every year.
We are also partnering with the Singapore government to help local businesses accelerate the adoption of AI.
The e-commerce giant announced last week that its profits tripled in the first three months of 2024, driven by growth in its cloud, advertising and retail businesses.
The company, founded by Jeff Bezos, is also testing an AI chatbot called Rufus that provides shopping tips to mobile app customers in the United States.
Meanwhile, generative AI features for sellers help create product listings.
Last week's earnings report said the company plans to invest billions of dollars in AWS data centers in Mexico, Saudi Arabia and the United States over the next few years.
Tech giants such as Amazon and Microsoft have recently increased their investments in Southeast Asia.
Microsoft on Thursday committed to investing US$2.2 billion in artificial intelligence and cloud computing in Malaysia.
The announcement comes after technology chief Satya Nadella announced a US$1.7 billion investment in its first data center regions in Indonesia and Thailand.
Small but wealthy and well-developed, Singapore has become the business and technology hub of Southeast Asia, a position that has only strengthened since the pandemic.
