Amazon, a US technology and retail company, announced on Wednesday that it plans to fund 10 billion euros ($10.75 billion) as demand for its cloud services and retail goods in Europe’s biggest economy is constantly increasing. The bigger part of the amount, 8.8 billion euros, will be disbursed by 2026 for the expansion of the cloud infrastructure of its computing division, Amazon Web Service (AWS). The company can see an increasing potential in Artificial Intelligence (AI)-powered technologies in Europe.
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