Amazon to invest $10 billion in North Carolina data centers in AI push

Amazon to invest  billion in North Carolina data centers in AI push


A power substation near the LC1 CloudHQ data center in Ashburn, Virginia, on March 27, 2024.

Nathan Howard | Bloomberg | Getty Images

Amazon plans to spend $10 billion on new data centers in North Carolina to expand its artificial intelligence infrastructure, the company said Wednesday.

Amazon has earmarked up to $100 billion this year on capital expenditures, with the lion’s share going to AI-related projects. Like other major tech companies, Amazon is racing to build out its capacity to power AI tasks in order to keep pace with rivals including Microsoft, Google and OpenAI.

Amazon CEO Andy Jassy has called generative AI a “once-in-a-lifetime type of business opportunity.”

The investment in North Carolina will create 500 jobs in the state, Amazon said.

Read more CNBC Amazon coverage

“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,” the company wrote in a blog post.

This is breaking news. Please refresh for updates.



Source

How tariffs and AI are giving secondhand platforms like ThredUp a boost
Technology

How tariffs and AI are giving secondhand platforms like ThredUp a boost

At ThredUp‘s 600,000-square-foot warehouse in Suwanee, Georgia, roughly 40,000 pieces of used clothing are processed each day. The company’s logistics network — four facilities across the U.S. — now rivals that of some fast-fashion giants. “This is the largest garment-on-hanger system in the world,” said Justin Pina, ThredUp’s senior director of operations. “We can hold […]

Read More
AI anxiety on the rise: Startup founders react to bubble fears
Technology

AI anxiety on the rise: Startup founders react to bubble fears

Markets were on edge this week as a steady stream of negative headlines around the artificial intelligence trade stoked fears of a bubble. Famed short-seller Michael Burry cast doubt on the sustainability of AI earnings. Concerns around the levels of debt funding AI infrastructure buildouts grew louder. And once high-flyers like CoreWeave tanked on disappointing guidance. CNBC’s Deirdre Bosa asked those at […]

Read More
Google and Disney reach deal to restore ESPN, ABC to YouTube TV
Technology

Google and Disney reach deal to restore ESPN, ABC to YouTube TV

Nikolas Kokovlis | Nurphoto | Getty Images Alphabet and Disney on Friday announced that they’ve reached a deal to restore content from ABC and ESPN onto Google’s YouTube TV. The deal comes after a two-week standoff between the two companies that started on Oct. 31. The stalemate resulted in numerous live sporting events, including college […]

Read More