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Meta to Invest $10 Billion for New Data Center

On Wednesday, December 4, Meta announced plans to invest $10 billion to set up an artificial intelligence data center in Louisiana.

Meta to Invest $10 Billion for New Data Center

The mentioned data center will become the world’s largest functional facility of the corresponding category, part of the ownership structure of the specified technology giant.

The hyperscaler data center, which is planned in Richland Parish, is designed to process the huge amounts of data needed to support digital infrastructure, including artificial intelligence workloads.

It is worth noting that Meta also stated that it seeks proposals from nuclear power developers that would help it achieve its goals in areas of AI and the environment. The technology giant wants to add 1 to 4 gigawatts of new US nuclear generation capacity starting in the early 2030s.

Artificial intelligence computing has led to a massive surge in the energy needs of large technology companies such as Microsoft and Amazon. Against this background, a renewed interest in nuclear power has been formed.

It is worth noting that quickly meeting the growing demand for the mentioned power will be very difficult. The relevant situation is related to several factors, including, among others, an aging fleet of reactors. Also in this context, it is worth mentioning such circumstances as an overburdened US Nuclear Regulatory Commission, potential uranium fuel supply obstacles, and local opposition.

The amount of electricity used by Meta’s data center in Louisiana will be matched by renewable energy for which the technology giant will be working with utility Entergy.

As we have reported earlier, Orange Partners With OpenAI and Meta.

Serhii Mikhailov

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Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.