Amazon to 'invest $150bn in data centers' for AI growth

Amazon is reportedly gearing up to invest nearly $150 billion over the next 15 years in data centers. This substantial financial commitment will equip the cloud-computing giant with the necessary resources to manage a projected rise in demand for AI applications and various digital services. Bloomberg reports that this investment is a strategic display of dominance, to preserve Amazon’s leading position in the cloud services sector. Amazon currently holds about twice the market share of its closest competitor, Microsoft Corp. An Amazon spokesperson confirmed to ReadWrite that the figures were based on its recent infrastructure announce......

Read Full article on HadNews