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Meta to spend up to $65B on massive AI data center
Mark Zuckerberg wants to spend $60B on building data centers this year
Meta’s capital expenditures for this year are expected to range from $60 billion to $65 billion, the New York Times reported, citing a Facebook post from the company leader. That’s a massive jump from the $38 billion to $40 billion the company spent last year.
Meta Spending to Soar on AI, Massive Data Center
The social-media giant plans to spend between $60 billion and $65 billion, the latest sign of tech companies’ accelerating investments into AI.
Meta to Invest Up to $65B in 2025 Into Data Center, AI
Meta Platforms plans to invest up to $65 billion in capital expenditures in 2025 to expand efforts related to data centers and artificial intelligence. Chief Executive Mark Zuckerberg said the social-media company will build a 2-gigawatt-plus data center and will end the year with more than 1.
12h
on MSN
Data centers are booming in Texas. What does that mean for the grid?
As energy demand surges, largely due to crypto mining facilities, data centers and industrial electrification, Texas ...
2d
Could more data centers come to Oklahoma? UAE-based company announces $20B investment plan
A UAE investment firm planned to expand across eight states in the sunbelt. Government officials commented on the potential ...
2d
Amazon spends $102 million in Ohio for data center land. Are server farms, data centers the same?
Amazon bought hundreds of acres of land in Ohio to build a massive data center. Are server farms and data centers different?
2d
on MSN
Amperesand targets data centers as the next big customer for its solid-state transformers
“We’ve got about 90 gigawatts [of data centers] globally in 2023, and that’s going to increase to over 185 gigawatts by 2028, ...
10h
on MSN
California needs more data centers—but builders are using a legal loophole to power them with diesel
The process means that the communities get little input, even though the data centers create both air and noise pollution.
15h
Blackstone to buy $1 billion Virginia power plant near data centers
The unit of Blackstone dedicated to investments in the energy industry has agreed to acquire Potomac Energy Center, the asset ...
Construction Dive
2d
Tech giants to invest up to $500B for new US data centers
OpenAI, SoftBank and Oracle will fund the creation of 10 facilities during the initial phase of the Stargate initiative, with ...
11h
on MSN
Amazon ramps up clean power for Oregon data centers. Does that mean less for everyone else?
Amazon’s server farms in eastern Oregon are using much less fossil fuel to power their operations, new data shows, sharply ...
1d
Proposed bill would mandate study on environmental, energy, economic impacts of data centers
A proposed bill in the Maryland General Assembly seeks to create an analysis and report about the economic, environmental and ...
Tech Xplore on MSN
2d
The multifaceted challenge of powering AI with data centers
Artificial intelligence has become vital in business and financial dealings, medical care, technology development, research, ...
Richmond
3d
Data centers could double Virginia’s energy use in a decade. Bills to regulate them are getting mixed support.
Efforts by Virginia lawmakers to rein in data centers have seen mixed success. A bill that would have increased state ...
1d
on MSN
'Data centers will need to bear the cost of their electricity acquisition' | Georgia PSC approves new rule for data centers
The PSC approved a new rule that allows Georgia Power to charge new data centers in a manner that will protect ratepayers from cost shifting, according to a release.
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