Amazon to Spend $1.29 Billion on AI, Logistics Infrastructure in France
By David Sachs
Amazon will spend 1.2 billion euros ($1.29 billion) to boost its artificial intelligence presence and speed up deliveries in France.
The American e-commerce giant said Monday that it will invest the money to expand Amazon Web Services' cloud infrastructure in the Paris region, supporting the country's generative AI market. The investment will also fund logistics infrastructure in the Auvergne-Rhone-Alpes region to make deliveries faster and more sustainable.
Amazon's spend will create 3,000 permanent jobs in France, it said. The announcement came during the country's annual "Choose France" economic summit.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
May 13, 2024 04:33 ET (08:33 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
These Stocks Are (Still) Powering the Bull Market
-
5 Undervalued Energy Stocks to Play the AI Data Center Demand Boom
-
After Earnings, Is Lowe’s Stock a Buy, Sell, or Fairly Valued?
-
5 Stocks With the Largest Fair Value Estimate Cuts After Q1 Earnings
-
10 Stocks With the Largest Fair Value Estimate Increases After Q1 Earnings
-
Markets Brief: Inflation Back in the Spotlight
-
AI Is Booming, but Consumer Spending Is Slowing. Which Will Prevail in the Stock Market?
-
What’s Happening In the Markets This Week
-
3 Dividend Stocks for June 2024
-
After Earnings, Is Alibaba Stock a Buy, Sell, or Fairly Valued?
-
MongoDB Earnings: Slashing Valuation as Execution and Macro to Blame for Lower Guidance
-
Marvell Earnings: We Raise Our Medium-Term AI Forecast and Bring Our Valuation Up to $75
-
Zscaler Earnings: Impressive Traction in Emerging Products Drives Sales Growth for the Quarter
-
Dell Earnings: Raising Valuation on Strong AI, but the Stock Remains Severely Overvalued
-
After Earnings, Is Nvidia Stock a Buy, Sell, or Fairly Valued?
-
The 10 Best Companies to Invest in Now