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AWS Plans to Invest $8.4 Billion in Germany

Amazon Web Services (AWS) on Wednesday, May 15, announced its intention to invest 7.8 billion euros ($8.44 billion) in Germany.

AWS Plans to Invest $8.4 Billion in Germany

Currently, it is also known that the mentioned financing will be gradually directed to the specified European country until 2040. Nowadays, AWS is building a cloud computing infrastructure designed specifically for Europe.

Last year, the company announced plans to store data on servers located in the European Union. AWS stated that the appropriate solution will ensure a high level of protection of confidential information of governments and customers in highly regulated industries.

The company intends to launch the operation of several data processing centers in the German state of Brandenburg by the end of next year. It is known that these centers will be available to all customers.

The company also said that the new investments will support an average of 2,800 full-time jobs in local German businesses each year.

AWS’s efforts will also help Telefonica Germany move one million 5G customers to its cloud platform. It is expected that the relevant activities will begin at the end of the current month.

It is worth noting that the European Union is currently at the forefront of the development of legislation on the protection of privacy and security.

Recently, government and business customers have often used data centers of large technology companies in the form of public clouds. This solution is an alternative to developing its own appropriate virtual infrastructure, which requires significant funds and technical capabilities.

As we have reported earlier, Amazon to Invest in France.

Serhii Mikhailov

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Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.