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Meta's profit hit by $16 billion one-time tax chargeMeta faced a substantial charge impacting its stock. The company is heavily investing in AI infrastructure, planning massive data centers. ...
30 Oct, 2025, 07.23 AM IST
Meta’s Q3 earnings miss EPS estimates amid $16 Billion tax hit and rising AI costsMeta (META) revealed stronger-than-anticipated third-quarter revenue of $51.24 billion but missed on earnings in regard to a $16 billion on...
30 Oct, 2025, 02.31 AM IST
Meta in $27-billion financing deal with Blue Owl Capital for Louisiana data centerMajor tech companies, including Alphabet, Amazon.com, Meta, Microsoft and CoreWeave, are on track to spend $400 billion on AI infrastructur...
22 Oct, 2025, 09.19 AM IST
Meta set to clinch nearly $30 billion financing deal for Louisiana data centre site: Bloomberg NewsMeta Platforms is finalizing a nearly $30 billion financing package for a Louisiana data center, marking the largest private capital deal o...
17 Oct, 2025, 07.59 AM IST
Meta's planned Louisiana AI data centre to cost $50 billion: Donald TrumpMeta is building a $50 billion AI data centre in Louisiana, its largest yet, to support advanced digital infrastructure. Financed partly by...
27 Aug, 2025, 08.14 AM IST
Louisiana PSC approves Entergy plan to power Meta AI data center with three gas plantsLouisiana’s Public Service Commission approved Entergy’s proposal to build three combined-cycle gas turbines and supporting transmission in...
21 Aug, 2025, 08.59 AM IST
How AI is changing the way the world builds computersThe rise of AI is driving massive demand for specialised data centres packed with GPUs, which require vast amounts of electricity and water...
29 Mar, 2025, 07.44 AM IST
Meta to build $10 billion AI data centre in Louisiana as Elon Musk expands his Tennessee AI facilityMeanwhile, Elon Musk's AI startup, xAI, is expanding its existing supercomputer project in Memphis, Tennessee, the city's chamber of commer...
12 Dec, 2024, 08.08 AM IST
Meta to build $10 billion AI data center in Louisiana as Elon Musk expands his Tennessee AI facilityLouisiana is among a growing number of states seeking to lure big tech firms in need of energy-intensive data centers with tax credits and ...
05 Dec, 2024, 08.17 AM IST