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Amazon France Investment

Amazon Announces $1.3 Billion Investment in France Operations

Posted on May 13, 2024
Writer: James Miller
Reviewer: Sophia Rodriguez

On Monday, Amazon declared a significant investment of 1.2 billion euros ($1.3 billion) in its French operations, creating more than 3,000 permanent jobs. This move is part of a broader announcement involving several companies at France’s annual “Choose France” event.

The investment primarily targets expanding Amazon Web Services (AWS) cloud infrastructure in Paris and enhancing logistics facilities in the Augergne-Rhône-Alpes area. It reflects France’s growing appeal as a hub for AI and cloud services, fueled by the rise of generative AI and the presence of AI startups like Mistral and Poolside.

Since 2010, Amazon has poured over 20 billion euros into its French operations. Its current workforce exceeds 22,000 permanent employees across its cloud and e-commerce divisions. According to Frédéric Duval, the country manager for Amazon France, this new job creation wave builds on an additional 2,000 jobs already announced for 2024.

For more information, check out the full article on Reuters.

James Miller

James Miller is a Senior Content Writer at McGruff.com. He has a background in investing and has spent most of his career in the financial industry. He can trace his family tree back to the California Gold Rush when his ancestors risked it all to make it big in the west. He feels like he's following in their footsteps as he strives to make sense of today's gold market.

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