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International Business Times
International Business Times
Business

Meta Has Been Looking to Expand Its AI Capabilities. It Has Now Announced Plans on Invest $50 Billion on a New Data Center.

The social media giant announced Monday that its Hyperion campus in Richland Parish will grow into a 5 gigawatt (GW) AI data center, more than doubling the original 2 GW plan unveiled last year. (Credit: Getty Images)

Meta is dramatically expanding its largest artificial intelligence infrastructure project, increasing the planned investment in its Hyperion data center in rural Louisiana to more than $50 billion as the company races to build the computing power needed for its AI ambitions.

The social media giant announced Monday that its Hyperion campus in Richland Parish will grow into a 5 gigawatt (GW) AI data center, more than doubling the original 2 GW plan unveiled last year. The revised price tag also far exceeds previous estimates, rising from the $27 billion announced in October to more than $50 billion.

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