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00:02Amazon plans to invest $10 billion in new data centers in North Carolina to boost its
00:06artificial intelligence infrastructure, according to CNBC. Amazon has allocated up to $100 billion
00:11in capital expenditures for 2025, primarily targeting AI-related products. The company
00:17is rapidly expanding its AI capabilities to stay competitive with Microsoft, Google, and OpenAI.
00:22Amazon CEO Andy Jassy described generative AI as a once-in-a-lifetime type of business opportunity.
00:27The company said its North Carolina investment will create approximately 500 jobs in the state
00:31and support the growing demand for generative AI. Amazon has launched various generative AI products
00:36over the past year, including language models, Trinadium chips, a shopping chatbot,
00:41and the Bedrock model marketplace. The company also invested $8 billion in AI startup Anthropic,
00:46creator of the Claude chatbot. In January, Amazon announced plans to invest at least $11 billion
00:51in Georgia to build data centers supporting cloud computing and AI demand.
00:55For all things money, visit Benzinga.com slash GSTV.
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