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Meta's planned Louisiana AI data center to cost $50 billion, Trump says

Aug 27, 2025

Washington DC [US], August 27: Meta's (META.O), opens new tab planned AI data centre in Louisiana will cost $50 billion, President Donald Trump said during a cabinet meeting on Tuesday.
The social media company is building its largest data centre in Richland Parish, which could handle intense computational power to support digital infrastructure, including artificial intelligence workloads.
The Facebook and Instagram parent declined to comment when asked about Trump's remarks about the data center.
Meta has tapped U.S. bond giant PIMCO and alternative asset manager Blue Owl Capital (OWL.N), opens new tab to spearhead a $29 billion financing for its data center expansion in rural Louisiana, Reuters reported earlier this month.
The company announced last year that it would spend over $10 billion to set up the data center.
Meta reorganized its AI efforts under Superintelligence Labs in June, a high-stakes push that followed senior staff departures and lukewarm reception to its latest open-source Llama 4 model.
CEO Mark Zuckerberg said last month that Meta would spend hundreds of billions of dollars to build several massive AI data centers for Superintelligence, intensifying his pursuit of a technology he has chased with a talent war for top engineers.
Source: Fijian Broadcasting Corporation

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The Countdown Is On: AD Design Show Returns to Mumbai and Debuts in Hyderabad

Mumbai (Maharashtra) [India], October 31: Just a few weeks to go until India's most anticipated design event returns, the AD Design Show 2025, presented in association with Pidilite and ICA Pidilite. This year, the celebration of creativity grows even bigger as the show returns to Mumbai from 21st - 23rd November and for the very first time, travels to Hyderabad on 5th - 6th December. In partnership with Bombay Sapphire Creative Lab, Obeetee Carpets and Vedica Himalayan Spring Water, this year's edition promises to redefine the landscape of design, art and innovation on a scale like never before.

Oct 31, 2025