Google’s $3 Billion Investment in New Data Centers and $75 Million AI Fund

Google announces a $3 billion investment to expand data centers in Virginia and Indiana and introduces a new $75 million AI fund to support tech skills and business growth.

Recent reports from April 27 reveal that Google has committed to investing $3 billion (Editor’s Note: approximately INR 250.7 billion) to develop or expand data center campuses in Virginia and Indiana.

In Virginia, Google plans to spend an additional $1 billion to enhance its three current campuses, which will raise its total investment in the state to over $4 billion. In Indiana, Google is allocating $2 billion for the construction of a new data center campus in Fort Wayne, situated in the Midwest region.

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Furthermore, Google has unveiled a new initiative, a $75 million AI fund (approximately INR 6.255 billion), designed to support individuals in acquiring new skills and advancing their businesses and careers.

A day earlier, on April 25, Amazon’s cloud services division declared its intention to invest $11 billion (approximately INR 917.52 billion) to establish a new data center in Indiana, aiming to create 1,000 jobs.

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This new facility will be located in St. Joseph County in north-central Indiana and is set to accommodate computing hardware essential for cloud computing services and artificial intelligence development. However, Amazon has not disclosed the number of data centers planned.

Amazon has also noted that the Indiana Economic Development Corporation (IEDC) has granted a 50-year sales tax exemption for AWS service data centers that meet certain capital investment criteria.

Moreover, the IEDC has agreed to offer various performance-based incentives, including up to $18.3 million in tax credits related to employment, $5 million in training grants, and up to $55 million in tax credits for business investments in Indiana.

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Deepanker Verma is a well-known technology blogger and gadget reviewer based in India. He has been writing about Tech for over a decade.

Google’s $3 Billion Investment in New Data Centers and $75 Million AI Fund

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