New York, Feb. 24 (SANA) Amazon said it plans to invest $12 billion to build artificial intelligence-focused data center complexes in Louisiana, expanding its cloud infrastructure as competition intensifies in the AI sector.
The facilities will be located in Caddo and Bossier parishes in the northwestern part of the state, CNBC reported. The project is expected to create about 540 full-time jobs at the data centers and support roughly 1,700 additional positions in related sectors, including electrical, cooling, ventilation and security services.
The investment follows Amazon’s recent projection of $200 billion in capital expenditures this year, underscoring the scale of spending by major technology companies racing to expand AI and cloud capacity. Large cloud-computing firms collectively are expected to invest about $700 billion by 2026.
The announcement also comes amid a nine-day slide in Amazon shares after its Feb. 5 earnings report, a decline that wiped more than $450 billion off the company’s market value.
