financetom
Business
financetom
/
Business
/
Meta to invest $10 billion for Louisiana data center
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Meta to invest $10 billion for Louisiana data center
Dec 4, 2024 12:47 PM

(Reuters) - Facebook-parent Meta said on Wednesday it plans to invest $10 billion to set up an AI data center in Louisiana, in what would be the tech company's largest data center in the world.

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

The development comes a day after Meta said it was seeking proposals from nuclear power developers to help meet its AI and environment goals, adding that it wanted to add 1 to 4 gigawatts of new U.S. nuclear generation capacity starting in the early 2030s.

AI computing has led to a massive surge in the energy needs of Big tech companies such as Amazon and Microsoft, sparking a renewed interest in nuclear power.

But it will be tough to swiftly meet soaring power demand with just nuclear energy due to an ageing fleet of reactors, an overburdened U.S. Nuclear Regulatory Commission, potential uranium fuel supply obstacles and local opposition.

The amount of electricity used by the Meta data center in Louisiana, will be matched by renewable energy for which the tech firm will be working with utility Entergy ( ETR ).

Entergy ( ETR ), which provides electricity to parts of Arkansas, Louisiana, Mississippi and Texas, has two nuclear power plants in Louisiana.

The utility previously received legislative approval for investment in transmission and generation to serve Amazon's upcoming cloud services facility in Mississippi.

Meta expects construction of the Louisiana data center to continue through 2030 with site work beginning in December.

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 >
Tactical Resources to List on Nasdaq Through Merger With SPAC Plum Acquisition III
Tactical Resources to List on Nasdaq Through Merger With SPAC Plum Acquisition III
Aug 23, 2024
08:01 AM EDT, 08/23/2024 (MT Newswires) -- Plum Acquisition Corp. III (PLMJ), a special purpose acquisition company, and mineral exploration and development firm Tactical Resources have entered into a definitive agreement for a business combination, which implies a pro forma enterprise value of $589 million, both firms said in a joint statement. The business combination assumes Tactical Resources is delivered...
US to offer more free COVID tests, launch awareness campaign
US to offer more free COVID tests, launch awareness campaign
Aug 23, 2024
Aug 23 (Reuters) - U.S. health officials said on Friday the government's free COVID-19 test delivery programs would reopen in late September, in time for the holiday season, and that they had launched an educational campaign targeting those at risk of severe disease. The free testing program would be launched as families start to move indoors this fall and begin...
Microsoft Sets September Meeting With CrowdStrike, Other Cybersecurity Firms
Microsoft Sets September Meeting With CrowdStrike, Other Cybersecurity Firms
Aug 23, 2024
12:00 PM EDT, 08/23/2024 (MT Newswires) -- Microsoft ( MSFT ) said Friday it will host a summit on Sept. 10 with cybersecurity companies, including CrowdStrike ( CRWD ) , to discuss ways to improve resiliency and security for joint customers. Last month's CrowdStrike ( CRWD ) outage underscores the need to work together, identify concrete steps to enhance customers'...
CN workers threaten strike, vow to fight Canada move to end rail shutdown
CN workers threaten strike, vow to fight Canada move to end rail shutdown
Aug 23, 2024
* Teamsters union files strike notice for CN workers starting Monday * CN says trains are resuming operations * Labour Minister asks CIRB to issue back-to-work order By Allison Lampert, David Ljunggren MONTREAL/OTTAWA, Aug 23 (Reuters) - The union representing workers at Canadian National Railway ( CNI ) said on Friday they would strike next week, in a fresh threat...
Copyright 2023-2025 - www.financetom.com All Rights Reserved