Amazon expects its AI and cloud infrastructure investments in Southeast Asia to exceed US$33 billion by 2039 as demand for digital services grows.
The investments cover Indonesia, Malaysia, Singapore and Thailand, where Amazon Web Services (AWS) operates cloud regions.
Amazon projects that the investments will add more than US$64 billion to the four countries’ combined GDP and support over 56,300 full-time equivalent jobs annually across the local data centre supply chain once completed.
The company said its cloud and AI services are already being used by financial institutions and public sector organisations in the region.
Union Bank of the Philippines has deployed generative AI-powered analytics on AWS for more than 200 business users, while Singapore’s GovTech developed MAESTRO, a tool that helps public agencies build generative AI solutions.
Amazon has also trained more than 2.7 million people in Southeast Asia on cloud skills since 2017, with financial services among the sectors competing for cloud, AI and data talent.
David Zapolsky, Amazon’s Chief Global Affairs and Legal Officer, said,
“Amazon has plans to invest more than US$33 billion across Southeast Asia through 2039. We’re building infrastructure, training local workforces, and enabling businesses across the region to compete globally.
Governments across Southeast Asia deserve recognition for their bold leadership in shaping policies and economic conditions that are accelerating growth and attracting global investment in AI and technology at an unprecedented pace.”
Featured image: Edited by Fintech News Singapore, based on image by rawpixel.com via Magnific
