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IBM to spend $1.2 billion to increase the size of its cloud

Sean Gallup | Getty Images News | Getty Images

IBM is committing $1.2 billion to expand the reach of its cloud computing infrastructure. The company said in an announcement that it plans to build 15 new data centers on five continents, adding to the 13 it already has. Eventually, it said, it will have 40 data centers in 15 countries.

Re/code has the whole story here.

By Arik Hesseldahl, recode.net.

CNBC's parent NBC Universal is an investor in re/code's parent Revere Digital, and the companies have a content-sharing arrangement.

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