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Amazon boosts data center spending in push to become 'trillion-dollar' AI business

Tech giant posts higher-than-expected cloud computing sales
Amazon is boosting spending on cloud computing and artificial intelligence data centers such as Project Rainier in New Carlisle, Indiana. (Amazon)
Amazon is boosting spending on cloud computing and artificial intelligence data centers such as Project Rainier in New Carlisle, Indiana. (Amazon)

Amazon joined fellow tech giant Microsoft in posting surging growth in its artificial intelligence business, reassuring investors that the industry's data center spending is generating returns.

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