Apple investing $1 billion in new Austin campus

The Cupertino giant is headed over to Texas. Apple has announced a major expansion of its operations in Austin, including an investment of $1 billion to build a new campus in North Austin. In another development, Apple said it plans to invest $10 billion in US data centers over the next five years, including $4.5 billion this year and next.

Tim Cook, CEO, Apple: Talent, creativity and tomorrow’s breakthrough ideas aren’t limited by region or zip code.

Apple’s new campus will be located less than a mile from its existing facilities. The 133-acre campus will initially accommodate 5,000 additional employees, with the capacity to grow to 15,000, according to Apple. The company’s current facilities in Austin accommodate 6,200 staff, marking the city Apple’s largest presence of employees outside of Cupertino.

Apple added 6,000 jobs to its American workforce in 2018, and currently employs 90,000 people in the country. In a statement, the company said it is on track to create 20,000 jobs in the US by 2023.

Apple also announced plans to establish new sites in Seattle, San Diego and Culver City; as well as expanding existing operations in Pittsburgh, New York and Boulder, Colorado over the next three years.

[Image courtesy: Apple]

Also see:

IBM opening its first quantum computing data system in Europe

IBM is opening its first quantum data center in Europe. The data center, slated for operation by 2024, will house multiple IBM quantum computing systems featuring utility scale quantum processors, each with over 100 qubits.

Coinbase faces SEC charges over unregistered operations

The Securities and Exchange Commission (SEC) has initiated a legal complaint against Coinbase, alleging that the cryptocurrency exchange has been operating without proper registrations.

Capgemini launches 6G research lab in India

Capgemini has announced the establishment of a new 6G research lab in Gurugram, India. The lab will focus on developing advanced test beds and simulators for exploring use cases.