Svmuu News: Meta Platforms has committed to investing an additional $40 billion in its large data center campus in Louisiana. As the company continues to expand its artificial intelligence computing infrastructure, the total investment in the project is expected to exceed $250 billion. Meta announced Monday that it will expand its data center project in rural Louisiana to at least 5 gigawatts (GW) of computing capacity, with a total investment of $50 billion.
Previously, the company had announced a $10 billion investment to build the data center and support surrounding communities. In May of this year, reports indicated that Meta planned to invest an additional $200 billion in the project, primarily to procure high-cost computing chips to be installed at the nearly 4,000-acre campus. According to a person familiar with the matter, this would bring the project’s estimated total investment to at least $250 billion. To date, Meta has not disclosed any specific expenditures for the project beyond the $50 billion. (Jin Shi)