WSJ Tech News Briefing
TNB Tech Minute: Amazon Will Spend Nearly $40 Billion to Expand AI Infrastructure in Spain
02 Mar 2026
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See how at USPMI.com. šµ šµ Here's your afternoon TNB Tech Minute for Monday, March 2nd. I'm Danny Lewis for The Wall Street Journal. Amazon is pledging to invest nearly $40 billion to expand its cloud and artificial intelligence data center infrastructure in Spain.
The company's cloud computing arm, Amazon Web Services, says it is planning to build a server manufacturing plant, a manufacturing fulfillment warehouse, and an AI and machine learning server manufacturing and repair facility to support its data center operations. The new sites will be built in Aragon, a region in Spain's northeast that Amazon already uses to bolster its European services.
DraftKings is planning to integrate prediction markets into its core sports betting app. The new Super app will allow users to bet on combos, the equivalent of parlays in sports betting, a lucrative product that rolls multiple bets into one. The company expects prediction markets to have higher margins than traditional sports betting, it said during an Investor Day event.
It will also be hyper-focused on personalization through AI and data collection. DraftKings says the new app will be ready in time for the NCAA's March Madness basketball tournament later this month. And while some investors spent the day trying to digest the fallout of U.S. attacks on Iran, others found value in tech stocks like Nvidia, Palantir, and Intuit.
That's after months of investors fretting about whether tech companies are overspending on artificial intelligence or if AI will displace traditional software providers. Meanwhile, some consumer stocks that had benefited from the so-called rotation trade out of tech, like McDonald's and Home Depot, fell. And that's it for your T&B Tech Minutes.
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