Amazon and Google announced a major investment of $13B to expand their AI footprint and targets in the city, focusing on AI and cloud infrastructure.

The entities involved

• Amazon →

  American multinational technology company

  • Amazon offers products with Alexa support.20:10
  • A council member introduced the Delivery Protection Act, which faces new employment mandates for companies like Amazon and FedEx, while Amazon spends $5M to block the city bill.19:22
• Google →

  American multinational technology company, a subsidiary of Alphabet Inc.

  • Google is linked to a proposed data center in Pine Island, Minnesota.20:56
  • Google is developing a new data center in the US and proposing an energy agreement with Xcel Energy while addressing public opposition.20:56

Related events

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• Google invested $75 million into A24, amid industry competition between studios and AI.Jun 23
• The AI race requires massive capital spending from major tech companies like Amazon and Google.Jun 22
• Amazon made gains in Anthropic investments as major tech companies face market sell-offs amid intense AI competition.Fri 19:18
• Major tech companies, including Alphabet, Amazon, Meta, Apple, and Microsoft, are capitalizing on AI growth and benefiting from computing infrastructure spending.Jun 8