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- NBB reports 4% rise in 2024 profits to $217m
- Saudi Arabia completes 2.25 billion Eurobond issuance, including inaugural green tranche
- Investcorp boosts US industrial portfolio with $335m acquisitions
- AD Ports opens first inland dry port facility in Abu Dhabi
- Oil Edges up as US Stockpile Report Counters Rising Supply Concerns
- 'ADX Group' unveiled to advance Abu Dhabi's investment landscape
- Gold Eases after Hitting Record, Safe-haven Flows Strong
- Trump Says He Will Offer 'Gold Cards' for $5 Million Path to Citizenship, Replacing Investor Visas
- Meta in talks for $200 billion AI data centre project, reports The Information
- Treasury yields rebound, dollar undermined by US growth worries
26/02/2025 08:01 AST
Meta Platforms is in discussions to construct a new data center campus for its artificial intelligence projects, with potential costs exceeding $200 billion, The Information reported on Tuesday, citing people familiar with the matter.
Meta executives have informed data center developers that the company is considering building the campus in states including Louisiana, Wyoming or Texas, with senior leaders having visited potential sites this month, the report said.
Since the launch of Microsoft-backed OpenAI's ChatGPT in 2022, investment in AI has surged as companies across various sectors strive to incorporate artificial intelligence into their products and services.
A Meta spokesperson denied the report, saying its data center plans and capital expenditures have already been disclosed and that anything beyond that is "pure speculation".
Last month, Meta CEO Mark Zuckerberg said that the company plans to spend as much as $65 billion this year to expand its AI infrastructure.
In comparison, Microsoft said it was planning to invest about $80 billion in fiscal 2025 to develop data centers, while retail giant Amazon stated that its 2025 spending would be higher than the $75 billion estimated in 2024.
Reuters
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
26/02/2025
Oil prices rose marginally on Wednesday, bouncing off two-month lows hit in the prior session after an industry group reported US crude stockpiles fell last week.
Brent crude rose 24 cents,
Asharq Al Awsat
26/02/2025
President Donald Trump said Tuesday that he plans to offer a "gold card" visa with a path to citizenship for $5 million, replacing a 35-year-old visa for investors.
"They'll be wealthy and t
Asharq Al Awsat
26/02/2025
US Treasury yields regained some lost ground on Wednesday after the House of Representatives advanced President Donald Trump's tax-cut agenda, while the dollar and oil prices struggled on mounting wo
Reuters
24/02/2025
Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting w
Gulf Times
24/02/2025
The Trump administration has initiated a sweeping restructuring of the US Agency for International Development (USAID), placing most of its employees on leave and eliminating 2,000 US-based positions
QNA
Financial Information Co.
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