Meta expands its Hyperion AI data, pushing investment past $50 billion with Louisiana tax incentives and infrastructure spending.
Meta Platforms Inc.
(NASDAQ:META) has significantly ramped up its investment in the Hyperion data center project in Louisiana.
The project's cost now surpasses a whopping $50 billion.
The company's Monday blog post revealed that the Richland Parish-based data center, set to be its largest, will be a 5 GW facility.
This is a considerable jump from the initial investment and 2GW plan announced in October when Meta and Blue Owl Capital partnered for the project's construction and management.
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Meta boosts investment in Hyperion data center campus to $50B+ - SiliconANGLE
Meta is set to enhance its Louisiana Hyperion AI data center with a substantial expansion, increasing its capacity to five…
Meta said its Hyperion data center project will now grow to 5 gigawatts of compute capacity, bringing its cost to more than $50…
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Meta's Hyperion data center in Louisiana, now planned as a 5GW facility, will cost over $50 billion, doubling initial estimates,…
Louisiana businesses have received more than $1.6 billion in contracts since construction began
