April 4 (Reuters) - Meta Platforms ( META ) is planning
on spending nearly $1 billion on setting up a data center
project in central Wisconsin as part of its investment in
artificial intelligence technology, Bloomberg News reported on
Friday.
Wisconsin in February reached an agreement with an unnamed
company using an alias to develop a data center in the state
with an expected multiyear investment of $837 million, according
to documents seen by Bloomberg.
The company behind the project is Meta, the report said.
Both Meta and the Wisconsin Economic Development Corp
declined to comment on the report when contacted by Reuters.
Investment in data centers has seen an uptick as technology
giants have ramped up capex to meet the computing power needed
to run generative AI applications such as OpenAI's ChatGPT and
Google Gemini.
Meta has earmarked as much as $65 billion this year to
expand its AI infrastructure amid investor pressure on big tech
firms to show returns on their investments.
U.S. President Donald Trump's sweeping reciprocal tariffs
could hamstring Big Tech's billion-dollar efforts to build AI
infrastructure in the country, likely undermining a key goal of
the administration, analysts said on Thursday.