Plus, Amazon’s cloud unit will invest $5 billion in Mexico to launch an infrastructure region. And Macquarie will invest up to $5 billion in data centers being built by Applied Digital. Belle Lin hosts.
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[00:00:30] Here's your TNB Tech Minute for Tuesday, January 14th. I'm Belle Lin for The Wall Street Journal. Meta Plans to Cut 5% of its workers in Performance-Based Job Cuts in the US next month, its ASTEP CEO Mark Zuckerberg said is necessary as the company builds, quote, the most important technologies in the world.
[00:00:54] Zuckerberg said in a memo sent out on an internal channel this morning that he, quote, decided to raise the bar on performance management and move out low performers faster. The job cuts are the latest in an array of moves from Zuckerberg, who is leading his company through another transition as the second Trump presidency is set to begin.
[00:01:18] Amazon Web Services has launched an infrastructure cloud region in Mexico and plans to invest $5 billion in the country over the next 15 years. The cloud business of Amazon.com, better known as AWS, said today that the new infrastructure region will allow customers to run workloads and securely store data via AWS data centers located in Mexico.
[00:01:45] The company estimates that construction and continuing operation of the new region will add about $10 billion to Mexico's gross domestic product and support about 7,000 full-time equivalent jobs. And we are exclusively reporting that the Australian bank Macquarie will invest up to $5 billion in data centers being built by artificial intelligence infrastructure company Applied Digital.
[00:02:14] The move adds to Macquarie's substantial AI-related investments. Macquarie's asset management arm agreed to invest up to $900 million in a data center campus that Applied Digital is developing in North Dakota. Macquarie also has the right of first refusal to invest an additional $4.1 billion in future Applied Digital data centers for 30 months.
[00:02:41] Applied Digital's CEO said the deal provides a significant amount of equity needed to build data centers that require enormous amounts of power, more than 2 gigawatts. For a deeper dive into what's happening in tech, check out tomorrow's Tech News Briefing Podcast.