Amazon (NASDAQ:AMZN) ticked-up 1.5% on Monday following Ohio Governor Mike DeWine’s disclosure that by 2030 the firm intends to have $23 billion invested in the state. This amount includes extra $10 billion allocatedto enhance data center infrastructure to meet rising artificial intelligence and cloud computing service demand. As part of its attempts to increase the footprint of its U.S. data centers, Amazon has made a $23 billion investment spanning 2015 forward. The business said last year $7.8 billion in new Ohio spending, augmenting the $6 billion previously committed through 2022.
Governor DeWine in his statement, talked about how critical data centers are pivotal for today’s economy, as digital services continue growing in importance. The governor’s office reports that although the preciselocations for the additional data centers are currently unknown, Amazon intends to keep assessing possible sites all around the state.
Further confirming Amazon’s leadership in the technological infrastructure area, the growth underscores their larger approach to satisfy growing demand for artificial intelligence-driven apps and cloud services.
This article first appeared on GuruFocus.
Add Comment