President Donald Trump said Meta Platforms Inc. plans to spend about $50 billion on a new artificial-intelligence data center under construction in rural Louisiana, a figure far higher than the more-than-$10 billion the company has previously disclosed. Holding up a graphic he said was provided by Chief Executive Officer Mark Zuckerberg, Trump told a Cabinet meeting on Tuesday that the facility would cover roughly 81 percent of Manhattan’s footprint. The project, internally dubbed “Hyperion,” underscores Meta’s escalating capital outlays to support generative-AI services. Earlier this month Bloomberg reported that Pacific Investment Management Co. and Blue Owl Capital are leading about $29 billion in financing for the site, the largest funding package yet arranged for a single AI data center. A Meta spokesperson declined to comment on the president’s cost estimate. Trump’s remarks came as he reaffirmed his opposition to large-scale renewable-energy projects, declaring “we don’t want windmills or solar panels” and noting that his administration is moving to block new turbines on farmland and coastal waters. He said companies are able to build such extensive data centers only because the government is letting them construct dedicated power facilities.
Meta’s Louisiana data center to cost $50B, Trump says https://t.co/3kKECMgwI3 via @business
US President Donald Trump suggested there are limits in his campaign to thwart wind power, even as his administration moves to halt the installation of turbines in farmland and coastal waters. “We’re not allowing any windmills to go up unless there’s a legal situation where
Trump signaled limits to his anti-wind push as his administration moves to block turbines on farmland and coasts https://t.co/zCK5K6VZFf