Amazon’s $100 billion investment in AI and data centers – TradingView News

Amazon plans to invest more than $100 billion in data centers over the next decade, with much of that investment going toward cloud computing and AI infrastructure. That’s more than what’s being allocated to its vast e-commerce warehouse network. The company’s cloud computing business has been a significant source of profit, and with the expected AI boom, demand for cloud computing is set to grow. AI, which requires intensive computing resources, relies heavily on cloud services. Amazon predicts that AI will generate tens of billions of dollars in revenue in the coming years.

In related news, Amazon.com Inc. is in talks with the owners of about one-third of U.S. nuclear power plants about directly obtaining electricity for its new data centers. This initiative is a response to the growing demand for electricity resulting from the AI ​​boom. Amazon Web Services is reportedly close to concluding a deal with Constellation Energy, the largest owner of a US nuclear power plant. This follows Amazon’s recent acquisition of a nuclear-powered data center in Pennsylvania, which was purchased in March for $650 million.