Amazon pledges additional $13bn in India AI investment

E-commerce giant Amazon announced on Thursday an additional $13 billion investment by 2030 to expand its artificial intelligence footprint in India, months after declaring plans to invest more than $35bn. The announcement was made following a meeting between company CEO Andy Jassy and Indian Prime Minister Narendra Modi. The $13bn will target AI and cloud infrastructure in Mumbai and Hyderabad, the company said in a statement. “Amazon’s cumulative investments in India from 2010-2030 stand at over $88bn,” the company said. Jassy said he was “excited” about the future. “Still early days for what we can build,” he said in a post on X. “By 2030, we plan to support 3.8 million jobs, enable $80bn in ecomm exports, and bring benefits of AI to 15m small businesses and 4m government school students,” he added. > Modi welcomed the investment, adding that it would increase opportunities for the country’s youth. “It shows the growing interest across the world to invest in India!” he said on X. > Several global corporations have announced large investments in the world’s most populous nation, which has more than a billion internet users. There has been a string of billion-dollar data centre announcements from tech giants like Google, as well as domestic firms such as Reliance Industries.