Reported 12 months ago
Amazon plans to invest over $100 billion in constructing data centers over the next decade, shifting its focus towards the promising field of artificial intelligence (AI) from its traditional investments in retail and logistics. This significant investment reflects Amazon's belief in the booming demand for cloud computing driven by AI technology. The company's cloud business, Amazon Web Services (AWS), has been expanding its data center infrastructure to meet the increasing AI-related demands, with key executives emphasizing the importance and high costs of AI development. AWS is preparing for expansion in multiple states, expecting substantial capital investment in its infrastructure this year and projecting AI revenues to reach billions in the coming years.
Source: YAHOO