E-commerce giant Amazon announced on Thursday an additional $13 billion investment by 2030 to expand its artificial intelligence footprint in India, months after declaring plans to invest more than $35bn.<\/p>\n
The announcement was made following a meeting between company CEO Andy Jassy and Indian Prime Minister Narendra Modi.<\/p>\n
The $13bn will target AI and cloud infrastructure in Mumbai and Hyderabad, the company said in a statement.<\/p>\n
\u201cAmazon\u2019s cumulative investments in India from 2010-2030 stand at over $88bn,\u201d the company said.<\/p>\n
Jassy said he was \u201cexcited\u201d about the future.<\/p>\n
\u201cStill early days for what we can build,\u201d he said in a post on X. \u201cBy 2030, we plan to support 3.8 million jobs, enable $80bn in ecomm exports, and bring benefits of AI to 15m small businesses and 4m government school students,\u201d he added.<\/p>\n
Modi welcomed the investment, adding that it would increase opportunities for the country\u2019s youth.<\/p>\n
\u201cIt shows the growing interest across the world to invest in India!\u201d he said on X.<\/p>\n
Several global corporations have announced large investments in the world\u2019s most populous nation, which has more than a billion internet users.<\/p>\n
There has been a string of billion-dollar data centre announcements from tech giants like Google, as well as domestic firms such as Reliance Industries.<\/p>\n","protected":false},"excerpt":{"rendered":"E-commerce giant Amazon announced on Thursday an additional $13 billion investment by 2030 to expand its artificial intelligence…\n","protected":false},"author":2,"featured_media":657657,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[554,733,4308,86,56,54,55],"class_list":["post-657656","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-technology","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/657656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=657656"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/657656\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/657657"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=657656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=657656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=657656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}