🔴 LIVE: The Secrets of ProPicks AI Success Revealed + November’s List FREEWatch Now

Google plans $3 billion data center investment in Indiana, Virginia

Published 04/26/2024, 05:47 PM
Updated 04/26/2024, 05:50 PM
© Reuters. FILE PHOTO: The logo of Google LLC is seen at the Google Store Chelsea in New York City, U.S., January 20, 2023. REUTERS/Shannon Stapleton/File Photo
GOOGL
-
AMZN
-

(Reuters) - Alphabet (NASDAQ:GOOGL) unit Google said on Friday it would invest $3 billion to set up a data center campus in Indiana and expand sites in Virginia.

A boom in artificial intelligence applications has increased the demand for cloud computing, prompting Big Tech firms to expand their data center capacity.

On Thursday, Amazon.com (NASDAQ:AMZN)'s cloud computing arm committed $11 billion toward new data centers in Indiana and creating 1,000 jobs.

© Reuters. FILE PHOTO: The logo of Google LLC is seen at the Google Store Chelsea in New York City, U.S., January 20, 2023. REUTERS/Shannon Stapleton/File Photo

Google will spend $2 billion for the Indiana campus at Fort Wayne, and $1 billion to expand three existing data center campuses in Virginia.

On Friday, the company also announced a $75-million Google AI Opportunity Fund to train Americans on AI skills.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.