June 21, 2021

Google announces an investment of 13,000 million dollars in offices in the United States | Economy

Google announces an investment of 13,000 million dollars in offices in the United States | Economy

The Internet giant Google announced this Wednesday that will invest more than 13,000 million dollars in building new data centers and offices outside of Silicon Valley. The announcement did it the CEO, Sundar Pichai, in a message on the corporate blog of the company. According to Google's calculations, the investment will create about 10,000 jobs under construction. With this aggressive expansion outside California, the company already has a presence in 24 of the 50 states in the country.

This phase of expansion of Google extends to 14 states of the United States. In terms of hiring, Pichai talks about "the ability to hire tens of thousands of employees". Google hired about 10,000 people last year. The new construction jobs that Pichai speaks of will be in Nevada, Ohio, Texas, Oklahoma, South Carolina and Vriginia. "2019 is the second year in which we grow faster outside the San Francisco area than in it," writes Pichai.

The reason for creating the new data centers, explains the CEO of Google, is to "strengthen the capacity" to provide services more quickly. Pichai also points out that when Google is installed on a site it makes significant investments in the local community and especially in clean energy. The only place where Google has had local opposition is Mountain View, the town where he set up his first office and where there is reluctance to the expansion of the company.

On February 4, Alphabet, the parent company of all companies that have to do with Google, presented its results for the last period of the year in which it earned 8.950 million dollars. Revenue rose 22% compared to the same period last year to 39.27 billion dollars, which make a total of almost 137 billion in fiscal year 2018. The main source of revenue is advertising services linked to Google. The company presented expenses of 31,000 million in this period.

In the conference with analysts In the presentation of results, Pichai highlighted the "important investments in United States" that the company was making as a new office in Detroit and an investment of more than 1,000 million dollars for a new headquarters in New York that will open in 2020. " This is an important investment in the long term that paves the way for future computing needs, mainly to accelerate machine learning (machine learning) in all our businesses and to support the opportunities we are seeing in Cloud, Search, Ads and YouTube ", the main Google services.

At that conference, Pichai also noted that Google has invested 4,300 million dollars in five data centers in Europe since 2007 and announced the creation of a new one in Denmark. "In total, it is estimated that these data centers have generated more than 5.4 billion dollars in GDP over the last decade," said Pichai.


Source link