Google Announces Major Spending Plans for Data Centers and Office Space

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Even as the work-from-home trend continues, a major tech firm is planning to expands its physical footprint as the pandemic subsides.

โ€œGoogle says it plans to spend more than $7 billion on real estate across the U.S. in 2021 as it resumes spending in the wake of the Covid-19 pandemic,โ€ writes Jennifer Elias of CNBC. โ€œThe company said the money will go toward expanding offices and data centers across 19 states, creating what it says will amount to at least 10,000 full-time jobs. $1 billion will go specifically toward California.โ€

While Googleโ€™s plan may strike analysts as counterintuitive, it may also signal a rebound for the commercial real estate market in some U.S. cities.


VW Pushes Back Hard Against Tesla

The battle for supremacy in the global electric vehicle market is intensifying.

โ€œVolkswagen AG is stepping up efforts to unseat Tesla Inc. as the dominant electric-car maker with a plan to build six battery factories in Europe and invest globally in charging stations,โ€ writes Christoph Rauwald of Bloomberg News. โ€œVW already has agreements for two battery plants and is exploring four additional sites for a total capacity of 240 gigawatt-hours by the end of the decade, it said Monday. The push will cost some $29 billion and would make VW and its partners the worldโ€™s second-largest cell producer after Chinaโ€™s Contemporary Amperex Technology Co. Ltd., according to BloombergNEF.


Digital Vaccine Credentials Gain Support

Walmart has thrown its support behind the idea of digital vaccine credentials.

โ€œPeople who get Covid-19 shots at thousands of Walmart and Samโ€™s Club stores may soon be able to verify their vaccination status at airports, schools and other locations using a health passport app on their smartphones,โ€ writes Natasha Singer in the The New York Times. โ€œThe retail giant said on Wednesday that it had signed on to an international effort to provide standardized digital vaccination credentials to people. The company joins a push already backed by major health centers and tech companies including Microsoft, Oracle, Salesforce, Cerner, Epic Systems, the Mitre Corporation and the Mayo Clinic.โ€


Xi Continues Crackdown on Chinese Tech Firms

Authorities in China are continuing their efforts to reign in the growing power of the nationโ€™s technology sector.

โ€œChinese President Xi Jinping called on the country’s regulators this week to step up their crackdown on tech companies and extend scrutiny to all areas of financial activity,โ€ writes Laura He of CNN Business. โ€œXi stressed the need to regulate โ€˜platformโ€™ companies to maintain social stability during a meeting of China’s leaders on Monday, according to state-owned Xinhua News Agency. The phrase โ€˜platform companyโ€™ in China typically refers to businesses that offer online services for customers.โ€

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