06:31 AM EDT, 04/07/2025 (MT Newswires) -- Meta Platforms ( META ) is planning a nearly $1 billion data center project in Wisconsin as part of its efforts to increase investments in artificial intelligence and cloud infrastructure, Bloomberg reported Saturday.

Bloomberg said a document showed that the state of Wisconsin signed an incentive deal with an unnamed company for the development of a data center in the state through an expected multiyear investment of $837 million, and a source told the news outlet that the company is Meta Platforms ( META ).

Meta Platforms ( META ) did not immediately respond to MT Newswires' request for a comment.

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