Amazon to invest five billion dollars in AI data centres in South Korea

Seoul – Following the announcement of a new round of redundancies as part of its strategy to reduce costs and accelerate investment in artificial intelligence, Amazon will invest more than five billion dollars to build AI data centres in South Korea by 2031, the Asian country reported on Wednesday.

The commitment was announced by Matt Garman, head of Amazon Web Services, during a meeting with South Korean president Lee Jae Myung in Gyeongju. The meeting took place on the sidelines of the Asia-Pacific Economic Cooperation (APEC) forum summit.

“Garman presented plans to invest more than five billion dollars by 2031, including the construction of new AI data centres in the Incheon and Gyeonggi regions,” Lee's office stated, citing two areas near Seoul.

This is the largest foreign direct investment in South Korea, according to a government statement.

“Our government has set a goal to become one of the top three global AI powers,” Lee told the Amazon executive, according to the statement.

“Amazon's large-scale investment in AI data centres will further accelerate the development of the Korean AI ecosystem,” he added.

This article was translated to English using an AI tool.

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