Microsoft ploughing $700m into Xbox One cloud datacentre in Iowa

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Microsoft is set to investment $700 million in a new data centre in West Des Moines, Iowa.

As part of the deal with the Iowa Economic Development Authority Board, the state has approved $20 million in tax credits for the computing giant for what has been termed ‘Project Mountain'.

The new data centres will likely be added on to its facilities in the region, bringing total investment in local data centre's from Microsoft to nearly $1 billion.

The expanded data centre presence in the region will support Xbox Live and Office 365.

Sister site Develop has the full story.