Meta Plans Nearly $1 Billion Data Center Project in Wisconsin.

Meta Platforms Inc. plans to spend nearly $1 billion on the development of a data center project in central Wisconsin, underscoring a larger effort from the social media giant to ramp up investments in AI and cloud infrastructure.

In February, the state of Wisconsin struck an incentive deal with an unnamed company using an alias to develop a data center in the state with an expected multiyear investment of $837 million, according to documents seen by Bloomberg. The company behind the project is Meta, according to one person familiar with the matter, who asked not to be identified because the information isn’t public.

Major tech companies have rushed to expand data center capacity in recent years to accommodate cloud computing needs and increasingly complex artificial-intelligence models. Meta has said it plans to spend as much as $65 billion this year, with a focus on building AI-oriented infrastructure, including constructing a massive facility in Louisiana. It already has data centers in the Midwest, including Iowa and the Chicago suburb of DeKalb. The Wisconsin project would add to a flood of major data centers being developed in the US.

Source: Finance.Yahoo