08:34 AM EDT, 03/28/2024 (MT Newswires) -- Amazon.com ( AMZN ) plans to spend nearly $150 billion on data centers over the coming 15 years to meet the increased demand for artificial intelligence applications and other digital services, Bloomberg reported Thursday.

"We're expanding capacity quite significantly," said Kevin Miller, an Amazon Web Services vice president overseeing the company's data centers, according to Bloomberg.

The expansion is expected to enable the company "to get closer to customers," Miller was quoted by Bloomberg as saying.

Amazon ( AMZN ) didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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