Amazon.com, Inc. (AMZN.US) has invested $12 billion in building a data center in Louisiana to meet the demands for cloud computing and AI.

Amazon.com, Inc. (AMZN.US) announced on Monday that it will invest $12 billion in building its first batch of data center facilities in Louisiana, United States, to support its cloud computing and artificial intelligence business. Large-scale cloud service providers in the United States are competing for dominance and investing billions of dollars into data center infrastructure to enhance computing capabilities - crucial for supporting the development of artificial intelligence. Amazon.com, Inc. previously announced plans to invest up to $200 billion this year, mainly for its AWS department, to meet the strong demand for AI workloads. Meanwhile, Meta Platforms (META.US) is increasing its capital expenditure by 73%-75% to $115 billion to $135 billion, mainly for building its AI infrastructure. Tech giants like Alphabet Inc. Class C (GOOGL.US) have also announced an increase in this year's capital expenditure budget. Amazon.com, Inc.'s investment in Louisiana is very similar to Meta's actions - Meta is building its largest data center in the United States in the same state. Louisiana has become a popular area for AI infrastructure projects due to significant tax incentives, lower electricity prices, and a reliable power grid. Data center investments make up more than one-third of the $61 billion total capital investment attracted by the state by 2025. Amazon.com, Inc. stated that this investment will create approximately 540 new on-site job positions, and support around 1,700 jobs in the community overall. The company will hold a ground-breaking ceremony for the project in the coming weeks.