Earth Science News
TECH SPACE
Amazon to invest 15.7 bn euros in Spain
Amazon to invest 15.7 bn euros in Spain
by AFP Staff Writers
Madrid (AFP) May 22, 2024

Amazon's cloud computing division AWS will invest 15.7 billion euros ($17 billion) to expand its data centres in Spain's Aragon region through to 2033, the US tech giant said Wednesday.

The move comes on the heels of its announcement this month of a 7.8 billions euro investment to build a cloud centre in Germany, and 1.2 billion euros in France to develop cloud infrastructure and logistical infrastructure of its parcel delivery service.

Amazon in 2021 had planned to invest 2.5 billion euros in Aragon, where it has three data centres.

The US company said its investment will create around 17,500 indirect jobs in local companies in the northwest region.

"This new commitment by AWS spotlights our country's attractiveness as a strategic tech hub in southern Europe,"Spanish Digital Transformation Minister Jose Luis Escriva was quoted by Amazon in the statement.

The head of the regional government, Jorge Azcon, said this will be the largest investment from a company in Aragon's history.

"An investment that positions Aragon as a leading technological hub on a continental and global level," he added in a message on social network X, formerly Twitter.

A pioneer of e-commerce, Amazon's AWS also dominates cloud computing with 31 percent of the market at the end of 2023, according to Stocklytics.

But rivals Microsoft and Google are gaining ground, with 24 percent and 11 percent market share of the cloud business, respectively.

The race has become particularly heated since the deployment of ChatGPT-style artificial intelligence that the cloud companies are offering to clients.

Related Links
Space Technology News - Applications and Research

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
TECH SPACE
UK clears way for Microsoft-Mistral AI tie-up
London (AFP) May 17, 2024
Britain's competition watchdog on Friday cleared the way for a tie-up between US giant Microsoft and French artificial intelligence firm Mistral AI, concluding it did not amount to a merger. The Competition and Markets Authority last month announced that it would examine tie-ups between the two firms, between US giant Amazon and its AI partner Anthropic, and also look at Microsoft's hiring of former employees and related arrangements with Inflection AI. The CMA had issued an "invitation for comm ... read more

TECH SPACE
Tribal violence hinders access to PNG landslide: over 670 dead

Ecuador declares state of emergency in 7 provinces

Cyprus says Gaza maritime aid 'on track' as US details problems onshore

Brazil mayor's mammoth task: rebuild from floods, prevent more

TECH SPACE
Making steel with electricity

Amazon to invest 15.7 bn euros in Spain

HySpex chosen to supply hyperspectral camera for space mission

EU opens probe into Chinese imports of key amino acid

TECH SPACE
Myanmar junta revives plans for China-backed mega-dam

Solomon Islands praises Australia as 'partner of choice'

French marines patrol New Caledonia after deadly riots

Paraguay, Pacific island leaders to attend Taiwan inauguration

TECH SPACE
Climate change key driver of record-low Antarctic sea ice: study

For sale: unique piece of land in strategic Arctic archipelago

Daily ice loss in Greenland tracked by new GPS method

Ritacuba Blanco: death of a Colombian glacier

TECH SPACE
Demise of rangelands 'severely underestimated': report

Changing climate influences London's Chelsea Flower Show

Mosaic grasslands found most effective in Switzerland

China investigates agriculture minister for corruption

TECH SPACE
'River of mud' prompts evacuations in northern France

Uncertain future for thousands after deadly Brazil floods

Parts of northern Europe clean up after floods

Fresh floods kill 66 in northern Afghanistan

TECH SPACE
Foiled coup risks inflaming DR Congo tensions, experts warn

Fighting in Niger kills 7 soldiers, dozens of 'terrorists'

Questions swirl a day after DR Congo 'coup attempt'

US to withdraw from Niger by mid-Sept; Niger blames US 'threats' for broken military ties

TECH SPACE
Can we rid artificial intelligence of bias?

Amazonian chief at UN to combat traditional knowledge piracy

In US national parks, a historical wound begins to heal

A fragment of human brain, mapped

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.