Meta in talks for $200 billion AI data center project, The Information ...
Meta Platforms, previously known as Facebook, is reportedly in discussions to build a new data center campus dedicated to its artificial intelligence initiatives. The estimated cost of this ambitious project exceeds $200 billion, according to sources cited by The Information.
Exploring Potential Locations
The company is said to be considering states such as Louisiana, Wyoming, or Texas as potential locations for the campus. Meta executives have already visited some of these sites, indicating serious interest in the project.
Rise of AI Investments
The surge in AI investments can be attributed to the success of OpenAI's ChatGPT, a project backed by Microsoft. Companies from various industries are increasingly looking to integrate artificial intelligence into their offerings, driving further investments in this technology.
Investment Plans
Meta's CEO, Mark Zuckerberg, recently announced plans to allocate up to $65 billion towards expanding the company's AI infrastructure this year. In comparison, Microsoft has earmarked approximately $80 billion for data center development by fiscal year 2025. Amazon, on the other hand, anticipates higher spending in 2025 compared to the estimated $75 billion in 2024.
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