Friday, 29 August, 2025
Trump Says Meta’s Louisiana AI Data Center Cost Has Swelled to $50 Billion
President Trump claims Meta’s planned AI data center in Richland Parish, Louisiana—a project initially estimated at over $10 billion—now costs about $50 billion, per a recent cabinet meeting statement. The expansion includes a $29 billion financing deal led by PIMCO and Blue Owl Capital. Meta has declined to comment on Trump’s remarks. This project is part of a broader push under Meta’s “Superintelligence Labs” to ramp up its AI infrastructure.
Read full story at Reuters