How do I install Python 3 on an AWS EC2 instance?

I’m trying to install python 3.x on an AWS EC2 instance and:

sudo yum install python3
doesn’t work:

No package python3 available.
I’ve googled around and I can’t find anyone else who has this problem so I’m asking here. Do I have to manually download and install it?

https://bit.ly/3eHhjDC