Google to spend $13 billion on US data centers
Google will expand its real estate in the US with new data centers.
Google is expanding far into the US. The corporation announced plans to spend $13 billion to build data centers across the country.
Why is Google building new data centers?
Google is growing in the cloud computing market and is trying to compete with Amazon’s web services. Google’s chief executive officer, (CEO), Sundar Pichai, announced in a blog post that the corporation will build data centers across the US. This latest expansion continues the work in 2018 when the company hired 10,000 employees and made $9 billion in investments.
‘These new investments will give us the capacity to hire tens of thousands of employees, and enable the creation of more than 10,000 new construction jobs in Nebraska, Nevada, Ohio, Texas, Oklahoma, South Carolina and Virginia. With this new investment, Google will now have a home in 24 total states, including data centers in 13 communities. 2019 marks the second year in a row we’ll be growing faster outside of the Bay Area than in it,’ wrote Pichai.
Pichai also went into detail about the expansion into the Midwestern states in the US.
‘We’re continuing to expand our presence in Chicago and are developing new data centers in Ohio and Nebraska. The Wisconsin office is set to move into a larger space in the next few months,’ wrote Pichai.
How will the Google data centers help local communities?
Google promises that the data and construction jobs will help local neighborhoods. The corporation also wants to go green and have the US locations run on 100% renewable energy.
‘All of this growth is only possible with our local partners. Thank you for welcoming Google into your communities—we look forward to working together to grow our economy and support jobs in the US,’ wrote Pichai.
This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.
Be ready to act on ECB opportunities
Learn how the ECB’s monetary policy announcements affect interest rates and price stability ahead of its next meeting in 12 December 2024.
- How might the next meeting affect the markets?
- What are the key rate decisions to watch?
- Why is the Governing Council announcement important for traders?
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
