Amazon to invest $5 billlion in South Korea
(CNN)– Amazon may be laying off here but it’s investing heavily in South Korea.
The house that Bezos built announced plans to invest more than $5 billion in the country.
That’s in addition to $4 billion it previously pledged.
All this money is going to Ai data centers for AWS.
That’s Amazon Web Services, the retailer’s cloud computing arm.
The same AWS that suffered a massive outage earlier this month and knocked much of the internet offline.