(Bloomberg) — President Donald Trump mentioned that Meta Platforms is planning to spend $50 billion on its huge knowledge middle in rural Louisiana.
Trump, talking Tuesday throughout a Cupboard assembly, mentioned he was in awe of the price of the challenge, which is at the moment being constructed.
“Once they mentioned $50 billion for a plant, I mentioned, ‘What the hell type of plant is that?’” Trump mentioned, holding up a graphic he mentioned was given to him by Meta CEO Mark Zuckerberg. It reveals the information middle superimposed over Manhattan, to display scale. “If you have a look at this, you perceive why it’s $50 billion,” he mentioned.
A Meta spokesperson declined to touch upon Trump’s remarks in regards to the knowledge middle, which it has dubbed ‘Hyperion’. The social media big, which is spending lots of of billions in an effort to change into a significant participant the synthetic intelligence race, has only said publicly that its funding within the knowledge middle will exceed $10 billion.
Trump mentioned US firms can now assemble huge knowledge facilities solely as a result of “we’re letting them construct their very own electrical amenities.”
Earlier this month, Bloomberg reported that Meta had chosen Pacific Funding Administration and Blue Owl Capital to steer $29 billion in financing for the Louisiana knowledge middle, marking the biggest funding package deal associated to a particular AI knowledge middle by a large margin.
