Friday, 29 August

Friday, 29 August2025

Trump Says Meta’s Louisiana AI Data Center Cost Has Swelled to $50 Billion

Trump Says Meta’s Louisiana AI Data Center Cost Has Swelled to $50 Billion
President Trump claims Metas planned AI data center in Richland Parish, Louisianaa project initially estimated at over $10 billionnow 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 Trumps remarks. This project is part of a broader push under MetasSuperintelligence Labsto ramp up its AI infrastructure.

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