Amazon invests $12b in S’pore operations and cloud infrastructure, launches AI training scheme

SINGAPORE – Amazon Web Services is set to make one of the largest investments yet in digital infrastructure in the Republic, with $12 billion over the next four years going into cloud and artificial intelligence projects, as well as expanding its operations here.

The money will be channelled into expanding AWS’ operations in the Asia-Pacific region, said AWS country manager Priscilla Chong in an exclusive interview with The Straits Times on May 3. AWS’ services here had supported at least 4,800 full-time roles at local businesses each year between 2010 and 2023, the AWS report found.

The investment is one of the largest in AI here, on the back of the Government’s $1 billion investment in AI over the next five years, announced duringAWS’ investment signals a doubling down on aggressive digitalisation in Singapore amid slowing sales globally, as companies cut their spending on cloud services, prompting the firm toMs Chong told ST: “There are a few targeted areas where we have seen a need to reprioritise and optimise the resources to where it matters most.

The digital economy here continues to grow, hitting a compound annual growth rate of 12.9 per cent since 2017, outpacing the rest of the economy, he said, adding that its growth has helped to create jobs. It generated $106 billion in 2022 – or 17 per cent of Singapore’s nominal GDP.

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