Meta to spend hundreds of billions to build AI data centres

Meta, the parent company of Facebook, plans to invest heavily in building artificial intelligence (AI) data centers. According to the company's founder, Mark Zuckerberg, one of these new data centers will cover an area nearly the size of Manhattan. The exact amount of investment has not been disclosed, but it is expected to be in the hundreds of billions of dollars. This massive investment is part of Meta's efforts to stay ahead in the rapidly evolving AI landscape, which is crucial for the company's future growth and innovation. The data centers will be designed to support the development and deployment of advanced AI models, which are essential for powering various features and services across Meta's platforms, including social media, virtual reality, and e-commerce. The announcement comes as Meta faces increasing competition from other tech giants, as well as regulatory challenges and public scrutiny over its data privacy and content moderation practices. This investment signals the company's commitment to maintaining its position as a leader in the digital and AI-driven future.