Amazon Plans to Invest $150 Billion in Data Centers in the Next 15 Years
Amazon prepares to handle future demand for AI applications and digital services by investing $150 billion in data centers.
E-commerce giant Amazon has said it would invest almost $150 billion in the next 15 years in data centres to handle the forthcoming explosion in demand for AI applications and digital services.
Amazon is determined to remain the dominant force in the cloud services market, as it holds 31% of the total share in the market as of the last quarter of 2023, down from 33% at the start of the same year, according to data from Synergy Research Group, as shown in the Techloy chart below. Despite this slight decline, the company still holds about twice the share of the second-largest player in the market, Microsoft.
Kevin Miller, an AWS President in charge of the company's data centres, believes that Amazon is expanding capacity quite significantly, giving them a chance to become even closer to customers. The company also has plans to increase capital expenditure this year to support AWS funding in data centres.
