Suggesting Finance
No Result
View All Result
  • Login
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
Subscribe For Alerts
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
No Result
View All Result
Suggesting Finance
No Result
View All Result
Home Economy

Amazon to invest $10B in North Carolina for AI data centers

News Room by News Room
June 21, 2025
Reading Time: 2 mins read
0
Amazon to invest $10B in North Carolina for AI data centers

Amazon is investing $10 billion to create data centers in North Carolina aimed at expanding its artificial intelligence and cloud computing technology capabilities. 

The move, announced Wednesday, is its latest attempt to compete with rivals Google and Microsoft in the artificial intelligence space. It will also significantly boost its presence in the state, creating at least 500 new high-skilled jobs that range from data center engineers and network specialists, to engineering operations managers and security specialists.

“This investment supports the [Trump] Administration’s vision to strengthen American infrastructure and further safeguard our nation’s data,” said Shannon Kellogg, Amazon’s vice president of public policy. “By creating hundreds of high-skilled jobs and partnering with local communities, Amazon is helping to drive economic growth and advance U.S. leadership in AI.”

AMAZON INTRODUCES BETA AI SHOPPING TOOL, ‘INTERESTS’

The investment will also support thousands of other jobs in the Amazon Web Services data center supply chain, the company said. 

“Generative AI is driving increased demand for advanced cloud infrastructure and compute power, and our investment will support the future of AI from AWS data centers in the Tar Heel State,” Amazon said Wednesday in a blog post. “This deployment of cutting-edge cloud computing infrastructure will strengthen North Carolina’s position as an innovation hub.”

Amazon has been racing to invest in its artificial intelligence infrastructure. In January, Amazon Web Services announced plans to invest an estimated $11 billion to expand its infrastructure in Georgia. Big tech companies have invested tens of billions of dollars in AI. 

Ticker Security Last Change Change %
AMZN AMAZON.COM INC. 209.69 -2.83 -1.33%

AMAZON ROLLING OUT AI-DRIVE ALEXA+ SERVICE

In a 2024 annual letter to shareholders, Amazon CEO Andy Jassy said “generative AI is going to reinvent virtually every customer experience we know, and enable altogether new ones about which we’ve only fantasized.” 

Leveraging this technology is one way to stay competitive, according to Jassy. 

Amazon warehouse tape on box

“If your customer experiences aren’t planning to leverage these intelligent models, their ability to query giant corpuses of data and quickly find your needle in the haystack, their ability to keep getting smarter with more feedback and data, and their future agentic capabilities, you will not be competitive,” he wrote. 

FOX Business’ Danielle Wallace contributed to this report

Read the full article here

ShareTweetSendSend

Related Posts

Kevin Hassett says Fed economists should be 'disciplined' over tariff study
Economy

Kevin Hassett says Fed economists should be 'disciplined' over tariff study

February 28, 2026
Coal plants step up as historic winter storm pushes US power grid to the brink
Economy

Trump admin ramps up effort to revive coal industry as power demand surges

February 27, 2026
US businesses shift away from China under Trump tariffs
Economy

US businesses shift away from China under Trump tariffs

February 26, 2026
Fed's favored inflation gauge showed consumer price growth remained elevated in December
Economy

Fed's favored inflation gauge showed consumer price growth remained elevated in December

February 25, 2026
US economy grew slower than expected in fourth quarter
Economy

US economy grew slower than expected in fourth quarter

February 24, 2026
Deadliest jobs in America revealed
Economy

Deadliest jobs in America revealed

February 23, 2026

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Suggesting Finance

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Visit our landing page to see all features & demos.

LEARN MORE »

Recent Posts

  • Kevin Hassett says Fed economists should be 'disciplined' over tariff study
  • FHFA chief says Trump deployed $200B to slash mortgage rates, impact was immediate
  • American Express to build 55-floor tower at World Trade Center site

Categories

  • Banking
  • Business
  • Credit Cards
  • Crypto
  • Economy
  • Finance
  • Investing
  • Loans
  • Markets
  • Mortgage
  • Real Estate
  • Saving
  • Taxes
  • Uncategorized
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

© 2023 Suggesting Finance. All Rights Reserved.

No Result
View All Result
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto

© 2023 Suggesting Finance. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.