Trump marveled at the $50 billion price tag for the plant, showcasing the immense size and scope of the data center compared to Manhattan. Dubbed ‘Hyperion’ by Meta, this project represents the company’s significant investment in the artificial intelligence race. Despite Trump’s remarks, Meta has only publicly disclosed that the investment will exceed $10 billion.
As US companies like Meta push boundaries in constructing massive data centers, the importance of allowing them to build their own electrical facilities has become evident. In a recent development, Meta secured $29 billion in financing for the Louisiana data center through Pacific Investment Management and Blue Owl Capital, marking a significant milestone in AI data center funding.
