TNB Tech Minute: Amazon Will Spend Nearly $40 Billion to Expand AI Infrastructure in Spain

0:00OutSystems is an outstanding way to quickly deploy apps and AI agents in the river results. A top US bank deployed apps for customers to open new accounts, while a global brewer developed an app to automate tasks worldwide. OutSystems build your agentic future. Here's your afternoon TNB Tech Minute for Monday, March 2. 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.

1:06The 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 US 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. Check back tomorrow morning for another quick tech update. So many organizations choose out systems because it's an outstanding way to quickly deploy apps in AI agents and deliver results. A top US bank deployed apps for their customers to easily open new accounts on any device.

2:09We helped a leading global insurer quickly deliver a portal and app for their employees, while a global brewer developed an app to automate tasks to clear bottlenecks. Out systems, build your agentic future. To learn more, visit outsystems.com slash WSJ.