Amazon Web Services plans $5 billion investment in South Korea’s AI industry by 2031

Amazon Web Services (AWS) plans to invest nearly $5 billion in South Korea by 2031 to establish new artificial intelligence data centres in the Asian country, Reuters reported, citing South Korea’s presidential office.

The announcement was made at the AWS CEO Matt Garman’s meeting with South Korean President Lee Jae Myung on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit.

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