financetom
Business
financetom
/
Business
/
Meta Increases Texas AI Data Center Investment to More Than $10 Billion
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Meta Increases Texas AI Data Center Investment to More Than $10 Billion
Mar 27, 2026 4:12 AM

06:57 AM EDT, 03/27/2026 (MT Newswires) -- Meta Platforms ( META ) said Thursday it is boosting its investment in an AI data center in El Paso, Texas, to more than $10 billion.

The technology giant, which previously announced a $1.5 billion investment in the project, said Thursday the El Paso data center will grow to 1 gigawatt of capacity.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Planet 13 Wraps Up VidaCann Acquisition To Enter Florida Market With $63.4M Deal And 26 Cannabis Dispensaries
Planet 13 Wraps Up VidaCann Acquisition To Enter Florida Market With $63.4M Deal And 26 Cannabis Dispensaries
May 11, 2024
Las Vegas-based cannabis giant, Planet 13 Holdings Inc. ( PLNH ) , has successfully concluded its acquisition of Florida’s VidaCann, a prominent player in the state’s medical marijuana market. The acquisition received approval from the Florida Office of Medical Marijuana Use in April. This represents a significant expansion as recreational cannabis legalization in Florida will be decided in the November...
In the Market: Financiers fret over 'leverage on leverage' in private credit
In the Market: Financiers fret over 'leverage on leverage' in private credit
May 11, 2024
(Reuters) - To some elite financiers who gathered in Los Angeles for the Milken Institute conference, a debt binge in private markets is reminding them of the go-go days of risk-taking before the 2008 financial crisis. In the halls of the Beverly Hilton and at meetings around town last week, I spoke with more than a dozen investors, bankers and...
Chinese companies win licensing bids to explore Iraq oil and gas fields
Chinese companies win licensing bids to explore Iraq oil and gas fields
May 11, 2024
BAGHDAD (Reuters) -Chinese companies won bids to explore five Iraqi oil and gas fields on Saturday in a licensing round for hydrocarbon exploration that was primarily aimed at ramping up gas production for domestic use. An Iraqi Kurdish company also took two of the 29 projects up for grabs in the three-day licensing round across central, southern and western Iraq,...
Oil plant in Russia's Bashkortostan stopped its cat cracker after drone attack 9 May, sources say
Oil plant in Russia's Bashkortostan stopped its cat cracker after drone attack 9 May, sources say
May 11, 2024
MOSCOW, May 11 (Reuters) - Russia's Gazprom Neftekhim Salavat oil processing, petrochemical and fertiliser complex located in the Bashkortostan region has stopped its catalytic cracker after being attacked by a drone on 9 May, two sources familiar with the matter told Reuters. The catalytic cracker is part of gasoline production chain responsible for 600,000 tons of output of this product...
Copyright 2023-2026 - www.financetom.com All Rights Reserved