Amazon plans to spend about $10.5 billion over the next five years in cloud and artificial intelligence infrastructure in the U.K., amid a boom in demand for artificial-intelligence computing.

KEY TAKEAWAYS Amazon said it plans to spend 8 billion pounds ($10.5 billion) to build and operate data centers in the U.K. over the next five years through 2028.The buildout marks a massive expansion of Amazon's cloud and artificial intelligence (AI) infrastructure.

Internet giant Amazon's cloud computing arm, Amazon Web Services, said on Wednesday that it plans to spend 8 billion pounds ($10.45 billion) in the United Kingdom over the next five years to build, operate and maintain data centres.