Amazon to invest $1B into data center communities amid backlash against data center rollouts

401K News

Amazon to invest $1B into data center communities amid backlash against data center rollouts
Business, Financial Information, Investing

NEW YORK (AP) — Amazon is investing $1 billion over the next five years into communities where it operates data centers for education, job training, water preservation projects and other local priorities as it reacts to a growing backlash from politicians and consumers to the tech industry's rollout of the massive centers.

NEW YORK — Amazon is investing $1 billion over the next five years into communities where it operates data centers for education, job training, water preservation projects and other local priorities as it reacts to a growing backlash from politicians and consumers to the tech industry's rollout of the massive centers.

According to a blog post on Friday by Matt Garman, Amazon's CEO of its cloud computing arm, Amazon has already spent more than $1 billion in communities with a large data center presence over the past three years. Garman also said that Amazon is no longer using nondisclosure agreements with government agencies it works with on its projects, and it said it hosts open houses in communities where it operates to share information about what it's doing.

He also warned against the spread of what he believes is misinformation about data centers' impact on the environment and energy rates — and he cited the dangers of over 100"If these measures are enacted, the U.S. could be writing its own losing ticket to this race, and the consequences would last generations," he wrote.

"As a country, we can't afford to find ourselves in that position. There is urgency to this data center build out because we aren't the only country that sees the benefits of AI for the economy and national security.

" Garman's pledge comes as data centers, which power artificial intelligence and cloud computing, have become a heading into the midterms as tech giants race to invest more money in expanding these infrastructures.in capital expenditures in 2026, including on data centers and other technology investments. That's up from its prior estimate of $200 billion.growing wariness from voters. About 6 in 10 Americans support limiting the number of new data centers that can be built, including most Democrats and Republicans.

And a majority of Americans are"extremely" or"very" concerned about the impact of data centers on electricity prices or the water supply in the communities where they are built.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

YahooFinanceCA /  🏆 47. in CA

Business Financial Information Investing Investor Market News Stock Research Stock Valuation Business News Economy Finance Investment Tools Mortgage Mutual Funds Personal Finance Quote Real Estate Retirement Stock Stocks Suze Orman Tax Track Portfolio

 

Canada Latest News, Canada Headlines

Similar News: You can also read news stories similar to this one that we have collected from other news sources.

New York Female Democrats Criticized for Wearing Hijabs at Mosque EventsNew York Female Democrats Criticized for Wearing Hijabs at Mosque EventsProminent New York female Democrats including Sen. Kirsten Gillibrand, Rep. Alexandria Ocasio-Cortez, and Gov. Kathy Hochul have faced criticism for wearing hijabs during visits to mosques in the city. The controversy centers on Gillibrand sitting beside a cleric with ties to extremist groups and the broader perception that these actions represent performative virtue signaling rather than genuine support for women s rights.
Read more »

St. Louis City SC defeats New York Red Bulls 3-0 to extend unbeaten streakSt. Louis City SC defeats New York Red Bulls 3-0 to extend unbeaten streakSt. Louis City SC extended their MLS unbeaten streak to 17 matches with a 3-0 victory over the New York Red Bulls, featuring goals from Rafael Navarro, Simon Becher, and Tomas Ostrak.
Read more »

Rubio ordered Iranian UN delegation to leave New York early, officials sayRubio ordered Iranian UN delegation to leave New York early, officials saySecretary of State Marco Rubio ordered Iran's foreign minister and his delegation to leave New York earlier than planned after talks stalled, U.S. officials said. Iran's UN mission denied being told to leave and said it departed on schedule.
Read more »

Cornell gang rape case prompts push to change New York sexual assault lawCornell gang rape case prompts push to change New York sexual assault lawNew York lawmakers are renewing a push to change state law so intoxicated victims can more easily pursue rape charges, after prosecutors reopened an alleged 2024 gang rape at a Cornell University fraternity house.
Read more »