Amazon To Plow Extra $35 Billion Into Virginia Data Centers in Cloud Race
Amazon's cloud unit will spend $35 billion on new data centers in Virginia by 2040, underscoring its determination to stay ahead of rivals Microsoft and Alphabet. From a report: The investments at multiple locations will create an estimated 1,000 jobs in Virginia, the state said in a news release Friday. Virginia is Amazon Web Services' most important hub, where dozens of data centers power applications for customers across the Eastern US. A number of sites are under consideration and will be selected at a later date, the state said. AWS is the largest provider of cloud computing and last year dropped an estimated $28.4 billion on capital expenditures, according to BofA Securities analysts. The Amazon division sells governments and companies processing power and software services, and encourages them to unplug their own data centers in favor of the on-demand computing tools from Amazon's servers.
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