Amazon's cloud services provider, Amazon Web Services, will invest about $8.2 billion in India's western state of Maharashtra over the next few years, the information technology ministry said on Monday.

Some investors were disappointed by Amazon's recent fourth-quarter results, in which the company's Amazon Web Services (AWS) revenue of $28.79 billion slightly missed Wall Street's consensus estimate of $28.84 billion. Still, AWS sales were up 19% from the year-ago quarter and the segment accounted for 50% of Amazon's total operating income.

AWS has launchd Ocelot, its first quantum computing chip, bringing it into line with its big cloud rivals Microsoft and Google.

Amazon’s larger plan to increase its presence in India, one of its most crucial international markets, includes this investment. Amazon declared in 2023 that it will invest $12.7 billion by 2030 in cloud infrastructure in India. The business also promised to invest an extra $2 billion last year to grow its e-commerce business in the nation.

The hyperscalers are upping their capex spending, and Amazon (NASDAQ:AMZN) is no exception. The online bookseller turned megatech company is

Dubbed Ocelot, it’s designed to correct errors with less hardware overhead.

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Tech giant Amazon on Monday said it will use artificial intelligence to reduce flood risks in Spain's northeastern region of Aragon where it is building data centres. Amazon's cloud computing unit AWS announced in May it would invest 15.

KEY TAKEAWAYS Amazon on Thursday unveiled its first quantum computing chip, about a week after rival Microsoft announced its first chip devoted to the nascent technology.The new chip, called Ocelot, can cut the “costs of implementing quantum error correction by up to 90%,

Following quantum chip breakthroughs by Microsoft and Google, AWS scientists explain the role transistors play in this first-generation cat qubit architecture.

Following Google and Microsoft’s quantum computing announcements, the tech giant says its new chip will lead to more reliable quantum computers.