This article first appeared on GuruFocus.
Alphabet’s Google (GOOG, Financials) is making a big AI infrastructure bet in Missouri. The company announced plans to invest $15 billion in a new data center in New Florence, one of the largest technology projects the state has seen.
The reason is simple: AI needs a huge amount of computing power. As more companies use AI tools in search, cloud services, software and business operations, Google needs more data center capacity to support that demand.
The project also shows how quickly the AI race is turning into a real estate, power and infrastructure race. Big tech companies are now competing not only on models and software, but also on who can build enough capacity to run them.
For investors, the Missouri project is another sign that Google is still spending heavily to defend its place in cloud computing and artificial intelligence.
