Amazon to invest $11 billion in Indiana to build data centers [Yahoo! Finance]
Amazon.com, Inc. (AMZN)
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Source: Yahoo! Finance
The announcement by Amazon Web Services on Thursday builds on the online retail giant's already strong presence in the state, where it employs 26,000 full- and part-time staff. The new facilities will be build in St Joseph County in north-central Indiana and house computer equipment used to power cloud computing and generative artificial intelligence. Amazon did not specify how many data centers would be established. Big technology companies have been racing over the past year to build data centers needed to power applications such as OpenAI's viral ChatGPT as they try to capitalize on what is expected to be the industry's next key growth driver. The Indiana Economic Development Corp (IEDC) will offer Amazon Web Services data center sales tax exemptions for eligible capital investments over a 50-year term, the company said. The IEDC has also agreed to offer some performance-based incentives, including up to $18.3 million in headcount-based tax credits, up to $5 million in tra
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AMZN
Earnings
- 4/30/24 - Beat
AMZN
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form DEFA14A
- 5/3/24 - Form 8-K
- AMZN's page on the SEC website