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    Home » Amazon planning $10B investment in North Carolina for data center and AI campus

    Amazon planning $10B investment in North Carolina for data center and AI campus

    By SHOOTWednesday, June 4, 2025No Comments300 Views
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    The Amazon logo is displayed, Sept. 6, 2012, in Santa Monica, Calif. (AP Photo/Reed Saxon, File)
    HAMLET, N.C. (AP) --

    Amazon plans to invest $10 billion toward building a campus in North Carolina to expand its cloud computing and artificial intelligence infrastructure, bringing a massive shot in the arm to a region where many textile and apparel jobs dried up a generation ago.

    Amazon said Wednesday that its investment in rural Richmond County should create at least 500 jobs and support thousands more through construction and data center supply chain providers, according to statements from the company and Gov. Josh Stein’s office. Stein called the investment one of the largest in state history.

    Data centers are already familiar to North Carolina’s landscape, including those operated by Apple. This project could transform Richmond County, which is on the South Carolina border and has a population of about 42,000.

    The Richmond County site is expected to employ engineers, network and security specialists and other technical roles, the company said. Amazon said it would provide support for universities, community colleges and other workforce training programs to help people enter data center and broadband expansion fields.

    “This investment will position North Carolina as a hub for cutting-edge technology, create hundreds of high-skilled jobs, and drive significant economic growth,” Amazon chief global affairs and legal officer David Zapolsky said. “We look forward to partnering with state and local leaders, local suppliers, and educational institutions to nurture the next generation of talent.”

    Richmond County commissioners approved an incentives package for Amazon on Tuesday. The company could receive annual cash grants for 20 years equal to portions of the real estate property tax and the property tax for vehicles and equipment at each data center contingent on job creation and monetary investment thresholds, The Richmond Observer reported.

    “This project will truly transform our community in ways that we cannot imagine,” Richmond County Manager Bryan Land said at Tuesday’s commissioners meeting. “With the announcement comes large-scale upgrades to our water system, Rockingham’s wastewater system and our fiber optic infrastructure throughout our county — all of which will come at a cost to our Richmond County taxpayers of zero.”

    Stein’s office, which called the project an “innovation campus,” said the data centers will contain servers, storage drives, networking equipment and other technology.

    “Artificial intelligence is changing the way we work and innovate, and I am pleased that North Carolina will stay at the forefront of all that’s ahead as we continue to attract top technology companies like Amazon,” Stein said. The governor attended a public announcement about the investment on Wednesday at an investment in Hamlet.

    The company said it has invested $12 billon in North Carolina since 2010 and supports 24,000 full- and part-time jobs.

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    Tags:AIAmazonartificial intelligence



    Netflix delivers solid 4th quarter, but slowing subscriber growth cause for some concern

    Wednesday, January 21, 2026
    A Netflix sign is displayed atop a building in Los Angeles, on Dec. 18, 2025, with the Hollywood sign in the distance. (AP Photo/Jae C. Hong, File)

    Netflix capped last year with another solid financial performance despite slowing subscriber growth that underscored the importance of its contested $72 billion bid to take over Warner Bros.' movie studio and slot HBO Max into its video streaming line-up. The fourth-quarter results announced Tuesday eclipsed the projections of stock market analysts, but Netflix's report also noted that the video service ended the year with more than 325 million worldwide subscribers, a figure indicating it has added about 23 million subscribers since 2024. The 2025 subscriber increase marked a dramatic slowdown from the 41 million picked up during 2024, amplifying investor worries that Netflix's growth has peaked since the 2022 introduction of a low-priced, advertising-supported version of its service that triggered a massive surge in subscribers. Management also forecast a profit for the January-March period that was below analysts' predictions and announced Netflix would stop buying back its own stock while trying to complete the Warner Bros' deal. Even though its ad sales are expected to double, Netflix also projected its revenue growth would taper off from 16% in 2025 to 12% to 14% this year. "Overall, this points to a challenging start to the year," said Investing.com analyst Thomas Monteiro. Netflix's shares sank nearly 5% in extended trading, even though its profit and revenue for the past quarter were better than anticipated. The company earned $2.4 billion, or 56 cents per share, 29% increase from the same time in the previous year. Revenue rose 18% from the previous year to more than $12 billion. The results almost seemed like a footnote next to the stakes involved in Netflix's bidding war to buy Warner Bros. Discovery . The battle took another turn... Read More

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