Despite a record low in sales growth last year at Amazon Web Services due to businesses cutting costs and postponing modernization projects, spending is now starting to increase again. Amazon is actively seeking to secure land and electricity for its energy-intensive facilities.
Key takeaways:
- Amazon.com Inc. plans to spend nearly $150 billion over the next 15 years on data centers.
- The investment is aimed at handling the anticipated surge in demand for AI applications and other digital services.
- The move is part of Amazon's strategy to maintain its dominance in the cloud services market, where it holds about twice the share of its closest competitor, Microsoft Corp.
- Despite a slowdown in sales growth at Amazon Web Services last year, spending is starting to increase again as Amazon seeks to secure land and electricity for its power-intensive facilities.