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Here's your afternoon TNB Tech Minute for Monday, March 2nd. I'm Danny Lewis for the Wall Street Journal.

Amazon is pledging to invest nearly $40 billion to expand its cloud and artificial intelligence data center

infrastructure in Spain. The company's cloud computing arm, Amazon Web Services, says it is planning

to build a server manufacturing plant, a manufacturing fulfillment warehouse, and an AI and machine learning

server manufacturing and repair facility to support its data center operations. The new sites

will be built in Aragon, a region in Spain's northeast that Amazon already uses to bolster its European

services. Draft Kings is planning to integrate prediction markets into its core sports betting app.

The new super app will allow users to bet on combos, the equivalent of parlayes in sports betting,

a lucrative product that rolls multiple bets into one. The company expects prediction markets

to have higher margins than traditional sports betting, it said during an investor day event.

It will also be hyper-focused on personalization through AI and data collection.

Draft King says the new app will be ready in time for the NCAA's March Madness Basketball Tournament later this month.

And while some investors spent the day trying to digest the fallout of U.S. attacks on Iran,

others found value in tech stocks like NVIDIA, Palantir, and Intuit.

That's after months of investors fretting about whether tech companies are overspending on artificial intelligence,

or if AI will displace traditional software providers.

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