Meta announces plans to build 1-gigawatt data center in Indiana as part of AI build-out [Yahoo! Finance Canada]
Meta Platforms, Inc. - Class A (META)
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Source: Yahoo! Finance Canada
Meta ( META ) on Wednesday said it is breaking ground on its latest data center as part of its massive AI infrastructure build-out. The more than $10 billion data center will be located in Lebanon, Ind., and have a capacity of upwards of 1 gigawatt. That's enough energy to power several hundred thousand homes. According to Meta, the data center will handle both Meta's AI workloads as well as its core products and represents one of its largest infrastructure projects to date. During its Q4 earnings announcement, Meta said it plans to spend as much as $135 billion throughout 2026 as part of its AI expansion plans. The company spent $72.2 billion in 2025. The social media giant isn't the only tech company sending big on AI this year. Advertising rival Google ( GOOG GOOGL ) said it plans to spend $180 billion in 2026 during its own earnings report, while Amazon ( AMZN said it anticipates spending $200 billion The massive spending news spooked Google and Amazon investors and lifte
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META
Earnings
- 1/28/26 - Beat
META
Sec Filings
- 2/11/26 - Form 4
- 2/10/26 - Form 144
- 2/9/26 - Form 144
- META's page on the SEC website