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Amazon opens its largest campus in India’s Hyderabad

AMERICAN multinational e-commerce giant Amazon.com Inc opened its largest campus building in the southern Indian city of Hyderabad on Wednesday (21).

The newly inaugurated Hyderabad campus took more than 36 months to be constructed.


The new campus, which is the online business giant’s first owned building outside of the US, is spread over 1.8 million square feet.

The Azure devOPS campus will accommodate 15,000 workers while the largest buildings in Seattle house about 5,000 staff members.

With its largest campus building in Hyderabad globally, the Jeff Bezos founded company is on course with its plans to expand its business worldwide.

The US-based company is making ambitious efforts in India, the second-most populous country in the globe after China.

The e-commerce business is small in India compared to the total consumption, less than three per cent, according to the company.

Amazon is also negotiating to buy a 10 per cent stake in one of India’s largest brick and mortar retailers, Future Retail, according to media reports.

The American giant is planning to add food delivery to its list of Indian businesses and is in talks with multiple food businesses.

On Wednesday, Amazon also opened a new 84,000-square-foot office in downtown Portland to double its technology workforce in the area.

Amazon’s Portland tech hub is one of the company’s 18 North American tech hubs- a network of development centres, in addition to Amazon’s Seattle and Northern Virginia headquarters. Together, these hubs have over 20,000 employees.

The company has approximately 40 million square feet of office space across 300 different regions in more than 40 countries.

Amazon has more than 60,000 employees in India. The workforce serves the company’s global market places.

A third of the workers of the company are based in Hyderabad, and it is the largest employee base outside Seattle.

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The Bank of England has warned of a potential "sharp correction" in the value of major technology companies, with growing fears of an artificial intelligence bubble reminiscent of the dotcom crash.

The central bank's financial stability report revealed that share prices in the UK are close to the "most stretched" they have been since the 2008 global financial crisis, while equity valuations in the United States are reminiscent of those before the dotcom bubble burst in 2000.

Valuations are "particularly stretched" for companies focused on AI, the Bank warned. It cited industry figures forecasting spending on AI infrastructure could top $5 tn (£3.8 tn) over the next five years, with around half funded through debt rather than by AI firms themselves.

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