Amazon’s computing unit AWS is in talks with Italy to invest billions of euros to expand its data center operations in the country, four people familiar with the matter said, as part of the tech giant’s efforts to boost its cloud services in Europe.
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Amazon’s Computing unit AWS is in talks with Italy to invest billions of euros to expand its data center operations in the country, four people familiar with the matter said, as part of the tech giant’s efforts to boost its cloud services in Europe.
Discussions are ongoing over the size and location of the investment, sources said, with one of the sources saying Amazon Web Services is considering expanding its existing site in Milan or building a new one.
Spokespeople for AWS and the Cabinet Office’s digital transformation unit declined to comment. A spokesman for Italy’s Industry Ministry was not immediately available for comment.
AWS launched its first cloud region in Italy in 2020 as part of a 2 billion euro ($2.2 billion) investment plan through 2029.
This is a luxury car manufacturer ferrari Its website shows insurance company Assicurazioni Generali as a client in the country.
AWS has recently revealed The €15.7 billion investment in data centers in Spain’s northeastern Aragon region replaces a previously announced 10-year plan in 2021, when the company set aside €2.5 billion for the country.
One of the sources said AWS’ investment in Italy would be in the billions of dollars, but likely not on the scale of its plans in Spain. An announcement was not immediately available.
exist GermanyAWS plans to invest 7.8 billion euros by 2040.
AWS is also building infrastructure to provide cloud services to telecom customers, which requires a lot of resources.
it grabbed the first customer Earlier this month, Telefonica Deutschland announced plans to move 1 million customers to the AWS cloud.
AWS announced plans last year to store data on servers in the European Union to protect data privacy from governments and customers in a highly regulated industry.
Analysts and executives say As interest in artificial intelligence drives a rebound in growth in the $270 billion cloud infrastructure market, many large enterprise customers are starting to spend on cloud computing again after pausing last year.
letterthe company struck a landmark deal in 2020 to provide cloud services to Italy’s largest bank Intesa Sanpaolohas invested 1 billion euros Set up two in Italy Cloud regions that Intesa relies on.
Microsoft A year ago, the company said it would launch its first cloud region in Italy as part of a $1.5 billion investment plan announced in 2020.
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