MARYLAND HEIGHTS, Mo. — World Wide Technology plans to invest $500 million in the next three years to boost artificial intelligence adoption. The investment will focus on technology, infrastructure, and personnel. The move aligns with the growing demand for generative AI, with more than half of organizations already exploring the technology.
The St. Louis-based technology services provider is the 27th largest private company in the U.S. with an annual revenue of $17.0 billion. David Steward and Jim Kavanaugh founded the business in 1990, and it now has over 9,000 employees.
The "first-of-its-kind" lab will be built inside the company's Advanced Technology Center. The center is located in St. Louis and has over 500 racks of equipment. It can be accessed virtually from anywhere on the globe. The company has relationships with chipmakers like Intel, NVIDIA, and AMD to help make the new lab possible.