Meta boosts Texas AI data centre investment to $10 billion

Meta said on Thursday it is increasing investment in its El Paso, Texas AI data center to $10 billion, a more than sixfold jump, as it aims to hit 1-gigawatt capacity ahead ‌of the ⁠facility’s ⁠projected opening in 2028.

The social media giant in October had committed an investment of $1.5 billion in the El Paso data center, its 29th such facility globally and third in Texas.

Big Tech firms such as Meta, Amazon, Alphabet , and Microsoft have been racing to build AI infrastructure and are ⁠projected to ‌spend over $630 billion to build AI infrastructure this year.