Amazon pledges additional $13bn in India AI investment

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.

The announcement was made following a meeting between company CEO Andy Jassy and Indian Prime Minister Narendra Modi.

The $13bn will target AI and cloud infrastructure in Mumbai and Hyderabad, the company said in a statement.

“Amazon’s cumulative investments in India from 2010-2030 stand at over $88bn,” the company said.

Jassy said he was “excited” about the future.

“Still early days for what we can build,” he said in a post on X. “By 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,” he added.

Modi welcomed the investment, adding that it would increase opportunities for the country’s youth.

“It shows the growing interest across the world to invest in India!” he said on........

© Dawn Business