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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
Amazon

This Is Where Amazon Cloud Is Opening Up Shop Next

Barb Darrow
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Barb Darrow
Barb Darrow
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Barb Darrow
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Barb Darrow
Barb Darrow
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June 29, 2016, 9:45 AM ET
INDIA-ECONOMY-AMAZON-BEZOS
US founder and CEO of Amazon.com Jeff Bezos poses on a lorry after handing over a two billion dollar cheque to Indian Vice President and Country Manager of Amazon.in, Amit Agarwal (unseen) in Bangalore on September 28, 2014. The investment will go towards raising the bar for online shopping in India. AFP PHOTO/Manjunath KIRAN (Photo credit should read Manjunath Kiran/AFP/Getty Images)Photograph by Manjunath Kiran — AFP/Getty Images
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Amazon massive cloud services are now officially available in India. The tech giant already promised to bring Amazon Web Services to the market last year.

The new Amazon (AMZN) Web Services Mumbai region brings the total number of AWS data center farms to 13 worldwide.

In cloud parlance, a “region” is a massive set of data centers built to provide fast services to a given geographic location. The Mumbai facility consists of two availability zones, the equivalent of separate sets of data centers with their own power supplies and facilities.

Having multiple zones in one location gives customers redundancy—if something fails in one zone, their work can fail over to the other zone, provided the customer sets up its operations wisely. AWS claims 35 availability zones globally.

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India is a popular market thanks to its growing number of high-tech companies and developers. IBM (IBM), Microsoft (MSFT), and other cloud companies have set their sites on providing fast cloud services in India as well as China.

For more, read: Amazon Takes Its Cloud to India

AWS is the oldest and largest of the big public cloud providers, which pool massive piles of servers, networking, and storage for customers to rent.

But it is not first to India. Microsoft (MSFT) opened up three Azure data center farms in India in September, and IBM opened its first SoftLayer facility in Chennai last October.

Parent company Amazon.com is also extremely interested in India as a market for its gigantic retail business. Earlier this month, Amazon chief executive Jeff Bezos said the company is investing another $3 billion in building its Indian presence.

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