In a move reflecting the fierce competition among technology giants to control the future of artificial intelligence, Meta, the parent company of Facebook and Instagram, has unveiled a large-scale partnership with Blue Owl Capital to build a massive data center in the US state of Louisiana, at a total cost of $27 billion.
The project, named “Hyperion Data Center,” will be built on an area equivalent to 1,700 football fields, making it one of the largest data centers in the world when completed in 2030.
Under this partnership, Blue Owl will own 80% of the project, while Meta will retain 20% and manage construction operations and real estate services. Blue Owl has injected approximately $7 billion in cash, while Meta received an immediate cash infusion of $3 billion.
Meta confirmed that this new project will provide it with greater flexibility and speed in developing artificial intelligence infrastructure, stressing that it represents a cornerstone of its global strategy to build a network of high-capacity data centers.
The new center is expected to consume electrical power equivalent to twice what the city of New Orleans consumes during daily peak times, illustrating its massive operational size.
This project comes at a time when major companies such as Alphabet, OpenAI, Microsoft, and Oracle are racing to build massive artificial intelligence centers, while Google announced last week a $15 billion investment in a similar center in southern India.
Analysts believe that this project represents a crucial step in Meta’s quest to become one of the most prominent driving forces of artificial intelligence globally, paving the way for a new era of advanced digital services.
source: 961 today
