00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Meta Platforms increased the projected cost of its Hyperion Data Center in Louisiana
00:07to more than $50 billion as it expands the planned facility from 2 gigawatts to 5 gigawatts,
00:14according to Benzinga. Meta said it will cover the project's energy, water,
00:18and infrastructure costs under an agreement with Entergy Louisiana.
00:22The company has awarded more than $1.6 billion in contracts to local businesses since construction
00:28began in December 2024 and plans to invest over $1 billion in roads, water, and wastewater systems.
00:36Hyperion is expected to reach 2 gigawatts by 2030,
00:40though Meta has not provided a timeline for the full expansion.
00:43Meta is expanding its AI infrastructure to meet demand and demonstrate returns on its spending
00:48after two new AI models helped drive its strongest stock market week since early 2024.
00:53For all things money, visit Benzinga.com.
Comments