Amazon reportedly to spend $150B to build data centers needed for AI boom, ‘get closer to customers’

Source: New York Post

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.