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

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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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  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

Re/code

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

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