AWS Invests US$12bn in Singapore AI & Cloud Operations
At the AWS Summit in Marina Bay Sands, Amazon Web Services (AWS) announced its latest investment in Singapore's digital infrastructure. Over the next four years, AWS will expand and strengthen cloud and AI adoption with a US$12bn investment, bringing AWS’ total Singaporean investment sum to US$23.5bn.
AWS's Cloud evolution
Launched in 2006, AWS began exposing key infrastructure services to businesses in the form of web services, in today’s world widely known as cloud computing. A prominent data centre company, AWS’ cloud computing allows the ability to leverage a new business model and turn capital infrastructure expenses into variable costs. In the last 17 years AWS has grown and now comprises more than 200 products, with hundreds of thousands of businesses in 190 countries around the world using AWS to lower costs, become more agile, and innovate faster - compared to the 150,000 developers who signed up to use AWS at its cloud computing inception in 2006.
As previously reported by Data Centre magazine, AWS was recently named the leading data centre company in the world. The Top 250 Data Centre Companies in the World 2024 showcased the current leading companies in the industry, enterprises which are committed to delivering power and cooling infrastructure, from housing computer servers, to offering innovative sustainable cooling solutions.
Read the full article here.
The company also made our Top 10 Data Centre Companies.
This new investment will position AWS for increasing demand for Gen AI tools, which need heavy computational power.
In its Singapore economic impact report, AWS shared that the investment is expected to contribute some US$23.7bn to the Republic’s GDP and fund 12,300 jobs across 2028, both within AWS and in businesses that use its cloud services.
AWS fuels Singapore's technology revolution
This is one of the biggest AI investments in Singapore, following the Government’s US$1bn investment in AI over the next five years.
The news was celebrated by AWS in Singapore and across its offices worldwide.
“I'm thrilled to share that AWS has announced an investment of US$9bn into our cloud computing infrastructure in Singapore from 2024 to 2028. This strategic move aims to meet the growing customer demand and solidify Singapore's position as a prime regional innovation hub,” said Priscilla Chong, Country Manager AWS Singapore.
“AWS recognises the immense potential of Singapore's thriving tech landscape, and this investment underscores our commitment to supporting the country's digital transformation journey. By expanding our cloud capabilities, AWS will empower businesses of all sizes to leverage cutting-edge technologies, foster innovation and drive growth.
“Moreover, this investment is expected to create a ripple effect, supporting approximately 12,300 jobs in Singaporean businesses annually. This influx of opportunities will not only contribute to the local economy but also nurture a talented and skilled workforce, further propelling Singapore's standing as a tech powerhouse.”
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