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Meta Expands Louisiana AI Data Centre to 5GW as Investment Tops $50 Billion (META)
InvestorsHub24d agobullish
Meta Expands Louisiana AI Data Centre to 5GW as Investment Tops $50 Billion (META)

Meta Increases Scale of Louisiana AI ProjectMeta (NASDAQ:META) has unveiled a major expansion of its Hyperion data centre in Richland Parish, Louisiana, increasing its planned computing capacity to 5 gigawatts while lifting total investment in the project to more than $50 billion. The facility had previously been expected to deliver more than 2 gigawatts of computing power to support the training of large language models used in generative AI applications such as ChatGPT.

Bloomberg24d agoneutral
Intel Invests €5 Billion in Irish Hub to Keep Up in AI Chip Race

(Bloomberg) -- Intel Corp. is spending €5 billion ($5.7 billion) to expand its plant in Ireland, as the chipmaker attempts to regain its manufacturing dominance for the AI boom.Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Group SaysOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleTrump Embraces Australian Retirement System Backed by Larry FinkUS Renews Iran Strikes as Both Sides Dispute Hor

Meta Scales Up Louisiana AI Data Center
The Wall Street Journal24d agoneutral
Meta Scales Up Louisiana AI Data Center

> $50 billion How much Meta Platforms expects its massive data center in Northeast Louisiana to cost—nearly double the original $27 billion estimate—after supersizing the project to 5 gigawatts of compute capacity.

Bloomberg24d agoneutral
Apple’s $600 Billion Rally Fueled by Traders Fleeing AI Selloff

(Bloomberg) -- Investors are flocking back to Apple Inc. as nervousness about artificial intelligence spending weighs on the stocks of chipmakers and cloud-computing giants. Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Group SaysOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleTrump Embraces Australian Retirement System Backed by Larry FinkUS Renews Iran Strikes as Both Sides Dispute Hormuz

Meta expands Louisiana data center to 5 gigawatts, investment crosses $50 billion
Reuters24d agoneutral
Meta expands Louisiana data center to 5 gigawatts, investment crosses $50 billion

Meta said on Monday its data center in Richland Parish, Louisiana, will expand to 5 gigawatts ‌of compute capacity, with investment in the project increasing to ‌more than $50 billion. The planned data center, known as Hyperion, was earlier projected to deliver ​more than 2 gigawatts of compute capacity to support training of large language models, the technology behind tools such as ChatGPT. • U.S. environmental law group Earthjustice's request to investigate the financing of Meta's Louisiana data center project was ⁠denied earlier this year.