On-line retail and cloud computing big Amazon plans to take a position greater than $13 billion in Australia’s synthetic intelligence and cloud infrastructure, the corporate introduced on Saturday.
Amazon plans to take a position 20 billion Australian {dollars} ($13.4 billion) by 2029 to broaden Australia’s AI and cloud capabilities, marking the nation’s largest publicly introduced expertise funding up to now by a world firm.
The funding will go towards increasing, working and sustaining Amazon Internet Companies (AWS) knowledge facilities within the nation.
“That is the biggest funding our nation has seen from a world expertise supplier, and is an thrilling alternative for Australia to construct AI functionality utilizing safe, resilient infrastructure,” stated Anthony Albanese, the prime minister of Australia, including:
“The funding will generate financial alternative for Australians, together with expert jobs and infrastructure that may help advanced AI and supercomputing functions.”
A part of the $13 billion can be used to construct three new renewable photo voltaic farms in Victoria and Queensland, bringing Amazon’s whole renewable tasks within the nation to 11.
The photo voltaic farms are anticipated to generate an estimated 1.4 million megawatt hours of carbon-free power per yr, roughly equal to powering round 290,000 Australian properties.
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Amazon first ventured into the Australian market in 2012 with the opening of the Amazon Internet Companies (AWS) Asia Pacific in Sydney. In July 2024, the Australian authorities partnered with AWS for the launch of a “High Secret” AWS Cloud for nationwide safety and protection functions.
On June 11, Amazon partnered with Talen Vitality to buy nuclear power to gas the AWS servers and AI knowledge facilities in Pennsylvania by the yr 2042.
The partnership got here two days after Amazon introduced plans to take a position $20 billion into its AI infrastructure in Pennsylvania, as increasingly more tech companies are pivoting towards constructing AI capabilities.
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AI, automation so as to add $400 billion to Australia’s GDP by 2030
The continued funding in AI providers and automation stands to bolster Australia’s financial system.
AI and automation–associated developments are anticipated to contribute an annual $400 billion to the nation’s gross home product (GDP), in response to the Authorities’s Division of Trade, Science and Assets.
Amazon has invested over $312 million in Australian renewable power tasks from 2020 to 2022.
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