Latest news with #DavidZapolsky
Yahoo
5 days ago
- Business
- Yahoo
Amazon Pours $10 Billion into North Carolina AI Centers
Amazon (NASDAQ:AMZN) announced a $10 billion investment to expand its AWS data center footprint in North Carolina, underscoring its pivot toward AI infrastructure. Warning! GuruFocus has detected 2 Warning Sign with AMZN. The massive build-out will create roughly 500 high-skilled supply-chain jobs in Richmond Countysandwiched between Charlotte and Fayettevilleand is touted by Gov. Josh Stein as one of the state's largest economic boosts ever. Amazon's chief global affairs officer David Zapolsky said the project will position North Carolina as a tech hub, drive innovation in cloud and AI, and spur collaborations with local universities for training and workforce development. This move comes as hyperscale data centers have more than doubled since 2019 to 1,136 globally, per Synergy Research Group, with Amazon, Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOG) leading capacity. Synergy's John Dinsdale adds that while data center sizes were steadily growing, the recent AI push has sharply accelerated expansionadding 130140 large facilities annually. With the U.S. hosting 54% of global data center capacity (China 16%, Europe 15%), Amazon's North Carolina gambit reinforces its AI-driven lead and follows similar bets by other Magnificent 7 giants to underpin future growth. This article first appeared on GuruFocus.
Yahoo
5 days ago
- Business
- Yahoo
Amazon Pours $10 Billion into North Carolina AI Centers
Amazon (NASDAQ:AMZN) announced a $10 billion investment to expand its AWS data center footprint in North Carolina, underscoring its pivot toward AI infrastructure. Warning! GuruFocus has detected 2 Warning Sign with AMZN. The massive build-out will create roughly 500 high-skilled supply-chain jobs in Richmond Countysandwiched between Charlotte and Fayettevilleand is touted by Gov. Josh Stein as one of the state's largest economic boosts ever. Amazon's chief global affairs officer David Zapolsky said the project will position North Carolina as a tech hub, drive innovation in cloud and AI, and spur collaborations with local universities for training and workforce development. This move comes as hyperscale data centers have more than doubled since 2019 to 1,136 globally, per Synergy Research Group, with Amazon, Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOG) leading capacity. Synergy's John Dinsdale adds that while data center sizes were steadily growing, the recent AI push has sharply accelerated expansionadding 130140 large facilities annually. With the U.S. hosting 54% of global data center capacity (China 16%, Europe 15%), Amazon's North Carolina gambit reinforces its AI-driven lead and follows similar bets by other Magnificent 7 giants to underpin future growth. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Geek Wire
6 days ago
- Business
- Geek Wire
Amazon to invest $10B in North Carolina to fuel AI and cloud data center infrastructure and jobs
In-depth Amazon coverage from the tech giant's hometown, including e-commerce, AWS, Amazon Prime, Alexa, logistics, devices, and more. (Amazon Photo) Amazon announced plans Wednesday to invest $10 billion in North Carolina to expand its data center infrastructure to support AI and cloud computing technologies. The company said the investment will help create 500 new high-skilled jobs and support thousands more in its Amazon Web Services data center supply chain. The jobs will range from data center engineers and network specialists, to engineering operations managers, security specialists, and more technical roles as generative AI fuels demand for advanced cloud infrastructure and compute power. Seattle-based Amazon has invested heavily in North Carolina, with more than $12 billion poured into the state since 2010. The tech giant said it has helped support 24,000 full- and part-time jobs, as well as more than 26,000 indirect jobs. 'This investment will position North Carolina as a hub for cutting-edge technology, create hundreds of high-skilled jobs, and drive significant economic growth,' David Zapolsky, Amazon's chief global affairs and legal officer, said in a statement. As part of Wednesday's announcement, Amazon is also adding its support to North Carolina community colleges, technical schools, universities, and workforce development organizations to design, develop, and grow training programs and work-based learning opportunities to prepare job seekers for careers in data center construction and operations. The company is launching the Amazon Richmond County Community Fund with a $150,000 commitment for grants up to $10,000 supporting STEM education, sustainability, economic development, workforce development, and community well-being.
