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Tech giants are spending extravagantly, the AI arms race is heating up, and chip stocks are soaring across the board.
The competition among technology giants in AI hardware is intensifying. This week, amazon claimed it would build the world's largest AI computing cluster, followed closely by Meta announcing a $10 billion AI datacenter. There are also reports that xAI, under Elon Musk, is planning to expand its supercomputer project tenfold...
Meta plans to invest $10 billion in building an AI datacenter in Louisiana.
Meta, the parent company of Facebook, announced on Wednesday plans to invest $10 billion in building an ai datacenter in Louisiana, USA. This will be the largest datacenter globally for the tech giant. The super-sized datacenter is planned to be constructed in Richland Parish, Louisiana, aiming to handle the massive amount of data required to support digital infrastructure, including ai workloads. The day before, Meta mentioned seeking advice from nuclear power developers to help achieve its ai and environmental goals, also stating a hope to achieve net-zero emissions by the 2030s.
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