Amazon to invest $11 billion in Georgia for AWS infrastructure

Investing.com -- Amazon.com (NASDAQ:AMZN ) said on Tuesday that its cloud computing and AI technologies division, Amazon Web Services (AWS), has plans to invest approximately $11 billion to expand its infrastructure in Georgia.

The significant investment is aimed at supporting the growth and development of AWS's cloud computing and artificial intelligence technologies.

The investment will be directed towards expanding the current infrastructure, enhancing the capacity of AWS's services in Georgia.

This move is part of Amazon's broader strategy to strengthen its position in the cloud computing market, which is increasingly competitive.

Amazon's AWS division has been a major contributor to the company's revenue, and this investment is expected to further strengthen its position in the market.

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Source: Investing.com