Home ยป Rumors Swirl as Meta Plans to Invest in Building Data Center AI with an Additional $200 Billion – Company Denies Reports

Rumors Swirl as Meta Plans to Invest in Building Data Center AI with an Additional $200 Billion – Company Denies Reports

Reports from The Information cite sources claiming that Meta plans to establish a data center to support AI processing with a budget of up to $200 billion. They are currently in talks with contractors to assess potential locations for constructing the data center, including in Louisiana, Wyoming, and Texas.

These figures represent preliminary project details and do not specify the timeline for completion. A spokesperson for Meta has dismissed these reports, stating that the company’s data center investment plans are already disclosed in their annual reports. Any additional information should be considered mere speculation.

Previously, Meta CEO Mark Zuckerberg mentioned the company’s plans to invest in AI data centers this year with a budget of $6-6.5 billion.

Source: Reuters Image: Meta

TLDR: Meta is reportedly planning to build a data center for AI processing with a budget of $200 billion, but the company denies these reports and considers them as speculation. Zuckerberg had previously mentioned plans to invest in AI data centers this year.

More Reading

Post navigation

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Revolutionary Indian EdTech Giant Byju’s Valuation Plummets from $22 Billion to Zero

Meta Unleashes Llama 3 to Outsmart GPT-3.5, Claude 3 Sonnet, Gemini Pro 1.0 on the Horizon with 400B Model in Development

Disney’s Resolute Investment in Epic Games: A Momentous Deal worth $1.5 Billion, Immersing Iconic Characters into the Exhilarating World of Fortnite.