Subj : Amazon set to invest billions and create thousands of jobs in Fra
To   : All
From : TechnologyDaily
Date : Mon May 13 2024 11:15:05

Amazon set to invest billions and create thousands of jobs in France

Date:
Mon, 13 May 2024 10:00:00 +0000

Description:
Amazon Web Services is injecting another billion-dollar sum into France as it 
looks to support the blossoming AI scene.

FULL STORY
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Amazon Web Services (AWS) has confirmed plans to invest over 1.2 billion 
($1.3 billion) in its French operations, marking a significant boost to the 
countrys economy and jobs market. 

The cash injection is set to create more than 3,000 permanent jobs in the 
country across various sectors, on top of the 2,000 roles that the company 
had announced recently. 

The news comes amid the countrys Choose France initiative, under which other 
companies including GSK and Accenture are also set to reveal substantial 
investments, and the 2024 Olympic Games in Paris later this year. AWS and 
Choose France 

In a statement (via Reuters ), Amazon highlighted its plans to bolster its 
cloud infrastructure in the Paris area, aimed at supporting Frances growing 
generative AI sector. The investment will also expand its logistics 
infrastructure in the Auvergne-Rhne-Alpes region. 

The latest Amazon investment forms part of more than 20 billion ($21.6 
billion) in cash injections since 2010. 

Outside the four walls of Amazon, France has earned itself a highly regarded 
reputation as a suitable country for artificial intelligence businesses 
startups like Mistral and Poolside have already come out of the country, 
while other tech giants like Meta and Google have also established their own 
centers in the country. 

In the past year or so, France has emerged as a top choice for many AI 
companies because of its strong research landscape, government support, clean 
energy initiatives and strategic location in an accessible area of Europe. It 
joins the likes of neighbouring Germany, the Netherlands and the United 
Kingdom as a key destination for tech investments. 

Besides expanding its infrastructure and logistics, part of the cloud giants 
latest investment will also go towards reducing carbon emissions, which 
correlates with the countrys overall green efforts and the companys 
sustainability goals. More from TechRadar Pro AWS Q1 growth pushes ahead as 
cloud revenue soars Weve rounded up the best cloud hosting providers Check 
out the best AI tools and best AI writers



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Link to news story:
https://www.techradar.com/pro/amazon-set-to-invest-billions-and-create-thousan
ds-of-jobs-in-france


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