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Microsoft$Amazon(AMZN.US) Amazon plans to spend an additional $13 billion in India by 2030 to expand and support artificial-intelligence and cloud infrastructure in the country. The planned outlay builds on the $35 billion investment across its businesses in India that was outlined in December, the U.S. tech company said Thursday. The latest investment will go toward expanding Amazon Web Services' data-center capacity in Mumbai and Hyderabad, as well as giving enterprises and government organizations access to custom AI chips, managed AI services, cloud technologies and developer tools. This is a strategic movie by Amazon as they look to capture market share and demand in the rapidly developing economy of India, but announcing more expenditure at this juncture may do more harm than good. @Bridge Buzz SG
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