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Amazon will invest $12 billion in new AI data centers in Louisiana, generating 540 direct jobs and around 1,700 indirect jobs. The firm will handle all energy and utility costs and allocate up to $400 million for local water infrastructure improvements.

The data centers will utilize excess water and outdoor air for cooling, reducing power usage and grid stress. This investment is part of Amazon's planned $200 billion expenditure by 2026, primarily focused on AI infrastructure. However, the high spending has caused stock market concerns, leading to a decline in Amazon's share price and reductions in positions by major investors like Berkshire Hathaway.