XLY - Amazon Pours ~$1.3B Investment Into French Operations: Report | Benzinga
E-commerce giant Amazon.com Inc (NASDAQ:AMZN) is reportedly making a significant investment exceeding €1.2 billion ($1.3 billion) in its French operations, aiming to create over 3,000 permanent positions within the country.
The French presidency revealed plans for Amazon and other firms, like GSK plc (NYSE:GSK) and Accenture Plc (NYSE:ACN), to unveil substantial investments during the “Choose France” event, beginning Monday, reported Reuters.
Amazon Web Services (AWS) will bolster cloud infrastructure in Paris to support France’s burgeoning generative AI sector and enhance logistics infrastructure in Auvergne-Rhône-Alpes, the report mentioned.
France’s growing interest in generative AI has driven demand ...