According to reports, Amazon (AMZN.US) has announced that its cloud service Amazon Web Services (AWS) plans to invest approximately 11 billion dollars in Georgia to expand its infrastructure, supporting Cloud Computing and AI technologies.
Last week, Amazon's competitor Microsoft (MSFT.US) announced plans to invest approximately 80 billion dollars in the fiscal year 2025 for developing Datacenter to train AI models and deploy applications based on AI and the Cloud.
Amazon stated that this investment is expected to create at least 550 new high-skill jobs.