Amazon data center unit acquires George Washington University Virginia campus

Amazon unit Amazon Data Services is acquiring George Washington University's Virginia Science and Technology campus for $427 million, the university said on Monday, part of a rapid expansion of infrastructure to support artificial intelligence.



The campus student newspaper said the deed authorizes Amazon to build a data or information technology center on the site in Ashburn, Virginia.



The company said in 2023 it planned to invest $35 billion by 2040 to expand data centers in Virginia, adding to $35 billion it had spent on data centers in northern Virginia over the 10 years to 2020.



Tech firms' outlays have skyrocketed as they work to meet growing demand for AI software, computer chips and other infrastructure. The companies have committed at least $630 billion this year, and some investors fear a growing AI-led bubble.



George Washington University, which is based in Washington, said the deal allows the university the option to keep programs at the site for up to five years.