Amazon to invest over €16 billion in Germany next year

Oct 20 (Reuters) Amazon plans to invest more than €16 billion (about $18 billion) in Germany in 2027, the company ​said on Tuesday, to expand ‌its cloud computing, AI, satellite internet and media businesses. The investment is the e-commerce giant s latest move to grow its European operations ‌as ​it races to ⁠expand cloud infrastructure across ⁠the region amid surging demand for AI services and growing competition among technology firms. The package, announced at ​the Invest in Germany Summit in Berlin, adds to more than €100 ⁠billion Amazon says it ⁠has invested in the country ​since 2010. The latest investment includes €4.8 billion ​to expand Amazon Web Services Frankfurt cloud ‌region and AI infrastructure. It also includes new logistics projects expected to create more than 3,000 jobs, development ⁠of the Amazon Leo satellite broadband network, and new Prime Video productions. Amazon also plans to open ⁠a ‌second robotics and AI research ⁠lab in Berlin. Tuesday s commitment fol