financetom
Business
financetom
/
Business
/
Amazon to Invest $11 Billion in Georgia for Cloud and AI Expansion
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Amazon to Invest $11 Billion in Georgia for Cloud and AI Expansion
Jan 8, 2025 4:15 AM

06:57 AM EST, 01/08/2025 (MT Newswires) -- Amazon.com ( AMZN ) said late Tuesday that Amazon Web Services plans to invest around $11 billion to expand its infrastructure in Georgia to support cloud computing and AI technologies.

The investment, focused on Butts and Douglas counties, is expected to create at least 550 new high-skilled jobs, the company said.

As demand for generative AI drives the need for advanced cloud infrastructure, AWS said its expansion will help meet the increasing requirements for AI capabilities and data processing power.

AWS has also secured agreements with US utilities to power its data centers, including partnerships with Talen Energy in Pennsylvania and Entergy in Mississippi.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Yext Fiscal Q4 Tops Estimates; Sets Guidance -- Shares Rise After-Hours
Yext Fiscal Q4 Tops Estimates; Sets Guidance -- Shares Rise After-Hours
Mar 6, 2024
04:36 PM EST, 03/06/2024 (MT Newswires) -- Yext ( YEXT ) reported fiscal Q4 non-GAAP net income late Wednesday of $0.10 per diluted share, up from $0.05 a year earlier. Analysts polled by Capital IQ expected $0.07. Revenue for the quarter ended Jan. 31 was $101.1 million, down from $101.9 million a year earlier. Analysts surveyed by Capital IQ expected...
Eagle Materials Insider Sold Shares Worth $1,704,915, According to a Recent SEC Filing
Eagle Materials Insider Sold Shares Worth $1,704,915, According to a Recent SEC Filing
Mar 6, 2024
04:36 PM EST, 03/06/2024 (MT Newswires) -- Eric Cribbs, President, American Gypsum, on March 04, 2024, sold 6,570 shares in Eagle Materials ( EXP ) for $1,704,915. Following the Form 4 filing with the SEC, Cribbs has control over a total of 15,654 shares of the company, with 15,654 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/918646/000095017024027190/xslF345X03/ownership.xml Price: 255.01, Change: -1.21, Percent...
Sprout Social Insider Sold Shares Worth $2,198,917, According to a Recent SEC Filing
Sprout Social Insider Sold Shares Worth $2,198,917, According to a Recent SEC Filing
Mar 6, 2024
04:36 PM EST, 03/06/2024 (MT Newswires) -- Ryan Paul Barretto, President, on March 04, 2024, sold 34,355 shares in Sprout Social ( SPT ) for $2,198,917. Following the Form 4 filing with the SEC, Barretto has control over a total of 633,938 shares of the company, with 430,163 shares held directly and 203,775 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1517375/000151737524000031/xslF345X03/wk-form4_1709760478.xml ...
Herc Holdings Insider Sold Shares Worth $253,260, According to a Recent SEC Filing
Herc Holdings Insider Sold Shares Worth $253,260, According to a Recent SEC Filing
Mar 6, 2024
04:36 PM EST, 03/06/2024 (MT Newswires) -- Mark Alan Schumacher, Vice President & Chief Accounting Officer, on March 05, 2024, sold 1,500 shares in Herc Holdings ( HRI ) for $253,260. Following the Form 4 filing with the SEC, Schumacher has control over a total of 3,474 shares of the company, with 3,474 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1364479/000112760224008811/xslF345X03/form4.xml Price:...
Copyright 2023-2026 - www.financetom.com All Rights Reserved