Meta building AI data center campus for $200B: Report
What's the story
Meta Platforms is said to be in talks to establish a new data center campus in the US for its artificial intelligence (AI) projects, The Information reported.
The ambitious project could cost over a mind-boggling $200 billion.
Company executives have spoken to data center developers about possible locations for the campus in states such as Louisiana, Wyoming, or Texas.
Site exploration
Senior leaders scout potential sites
Reportedly, senior leaders from Meta visited potential sites for the new data center campus earlier this month.
This indicates that the company is actively exploring suitable locations for its proposed AI-focused project.
However, a spokesperson from Meta denied these reports, saying that their data center plans and capital expenditures have already been disclosed and anything beyond that is "pure speculation."
Investment strategy
Meta's AI infrastructure expansion plans
Back in January, Meta CEO Mark Zuckerberg announced the company's plan to invest up to $65 billion this year to expand its AI infrastructure.
The proposed investment highlights Meta's commitment to bolstering its capabilities in the fast-evolving field of AI.
The report of a new data center campus project fits right into this strategy, even as the company spokesperson denied such plans.
Industry trend
Tech giants increase spending on data centers
The potential investment by Meta reflects a wider industry trend of spending more on data centers.
For example, Microsoft has announced plans to invest about $80 billion in fiscal 2025 for data center development.
Amazon, too, has said its 2025 spending on this front would exceed the $75 billion estimated in 2024.
These numbers emphasize the growing importance of data centers in today's tech-driven world.