This article first appeared on GuruFocus.
Alphabet (GOOGL, Financials) said Google will invest $15 billion in Missouri infrastructure, including a new data center in New Florence.
The project adds to Google’s broader push to expand cloud and artificial intelligence infrastructure as demand for computing power rises.
Google said it has contracted for more than 1 gigawatt of new generation capacity in Missouri. Through a partnership with Ameren, the company is also supporting more than 500 megawatts of additional capacity.
Missouri Gov. Mike Kehoe said the investment shows the state’s growing role in technology and innovation. The project is expected to create jobs and support local businesses.
For Alphabet, the investment highlights the rising importance of energy access and data center capacity in the AI race.
Investors will watch how quickly the Missouri project comes online and whether it strengthens Google’s cloud infrastructure.
