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Amazon to invest $13 billion in Australia's data center infrastructure
June 14 (Reuters) - Amazon will invest 20 billion Australian dollars ($12.97 billion) from 2025 to 2029 to expand, operate and maintain its data center infrastructure in Australia, aiming to bolster the nation's artificial intelligence capabilities, the company said in a blog post on Saturday. ($1 = 1.5418 Australian dollars) Reporting by Surbhi Misra in Bengaluru; Editing by Richard Chang Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics:Artificial Intelligence
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Amazon to invest $13 billion in Australia's data center infrastructure over five years
Amazon will invest A$20 billion ($12.97 billion) from 2025 to 2029 to expand, operate and maintain its data center infrastructure in Australia, bolstering the nation's artificial intelligence capabilities, it said in a blog post on Saturday. The investment is Amazon's largest global technology commitment in Australia, with funding directed toward new server capacity and support for generative AI workloads. The company is also investing in three new solar farms in Victoria and Queensland, and will commit to buy a combined capacity of more than 170 megawatts across the three farms, it added. "Amazon Web Services' $20 billion investment in data centres in Australia will set us up for the future, boosting our economy and productivity," Australian Prime Minister Anthony Albanese said in a post on social media platform X. "This is a huge vote of confidence in the Australian economy," he added. Major tech companies worldwide are expanding their infrastructure to support rapidly growing demand for generative AI and cloud computing. Companies like Amazon, Microsoft and Google have been ramping up data center investments to secure market share and meet AI workload requirements. On Monday, Amazon announced plans to invest at least $20 billion in Pennsylvania to expand data center infrastructure, adding on to the billions of dollars the technology giant has committed to the expansion of AI. In early June, the company said it will invest $10 billion in North Carolina and announced plans to invest more than $5 billion in its new cloud infrastructure in Taiwan.
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Amazon to invest $13 billion in Australia's data center infrastructure over five years
(Reuters) -Amazon will invest 20 billion Australian dollars ($12.97 billion) from 2025 to 2029 to expand, operate and maintain its data center infrastructure in Australia, aiming to bolster the nation's artificial intelligence capabilities, the company said in a blog post on Saturday. The investment is Amazon's largest global technology commitment in Australia, with funding directed toward new server capacity and support for generative AI workloads. The company also said that it is investing in three new solar farms in Victoria and Queensland, and will commit to purchase a combined capacity of more than 170-megawatts across the three solar farms. The move comes amid a global push by major tech companies to build out infrastructure to support rapidly growing demand for generative AI and cloud computing. Companies like Amazon, Microsoft and Google have been ramping up data center investments to secure market share and meet AI workload requirements. ($1 = 1.5418 Australian dollars) (Reporting by Surbhi Misra in Bengaluru; Editing by Richard and Nick Zieminski)
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Amazon announces a significant $13 billion investment in Australia's data center infrastructure from 2025 to 2029, aimed at expanding AI capabilities and supporting generative AI workloads.
Amazon has announced a groundbreaking investment of 20 billion Australian dollars ($12.97 billion) to expand, operate, and maintain its data center infrastructure in Australia from 2025 to 2029. This significant commitment aims to bolster the nation's artificial intelligence capabilities and marks Amazon's largest global technology investment in the country 1.
Source: Economic Times
The investment will be primarily directed towards new server capacity and support for generative AI workloads. This move aligns with the global trend of major tech companies expanding their infrastructure to meet the rapidly growing demand for generative AI and cloud computing services 2.
In addition to the data center investment, Amazon is also investing in three new solar farms in Victoria and Queensland. The company has committed to purchasing a combined capacity of more than 170 megawatts across these solar farms, demonstrating its commitment to sustainable energy sources 3.
Source: Reuters
Australian Prime Minister Anthony Albanese expressed strong support for the investment, stating, "Amazon Web Services' $20 billion investment in data centres in Australia will set us up for the future, boosting our economy and productivity." He further described it as "a huge vote of confidence in the Australian economy" 2.
Amazon's investment in Australia is part of a broader global strategy by major tech companies to secure market share and meet the increasing demands of AI workloads. Recently, Amazon announced plans to invest at least $20 billion in Pennsylvania for data center infrastructure expansion. The company has also committed $10 billion in North Carolina and more than $5 billion in Taiwan for cloud infrastructure development 2.
The substantial investment by Amazon highlights the intensifying competition among tech giants in the AI and cloud computing space. Companies like Microsoft and Google are also ramping up their data center investments to secure their positions in this rapidly evolving market 3.
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