Race Speeds Up. Wallets open up. Agi 2025–2029.
Amazon is reportedly planning to spend a whopping $150 billion within the next 15 years on building data centers — a move that will position the tech giant to be able to handle an expected explosion with artificial intelligence applications and other digital services.
The spending spree, earlier reported on by Bloomberg, will also allow Amazon to maintain its top spot in the cloud services market, where it holds roughly twice the share of No. 2 player Microsoft.
“We’re expanding capacity quite significantly,” said Kevin Miller, a vice president at AWS, or Amazon Web Services, Amazon’s cloud computing subsidiary used by upwards of 1.45 million businesses, according to an internal report.
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