Amazon.com, Inc. (NASDAQ:AMZN) is one of the 12 AI Stocks Every Investor Should Be Watching. On June 14, the company disclosed in a blog post that it will invest A$20 billion ($12.97 billion) from 2025 to 2029 to expand, operate, and maintain its data center infrastructure in Australia to boost the nation’s artificial intelligence capabilities.
The investment, said to be Amazon’s largest global technology commitment in the country, will be directed toward new server capacity and support for generative AI workloads. It is also investing in three new solar farms in Victoria and Queensland.
“Amazon Web Services’ $20 billion investment in data centres in Australia will set us up for the future, boosting our economy and productivity. This is a huge vote of confidence in the Australian economy.”
Amazon.com Inc. (NASDAQ:AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions.
