Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Meta(META.US)Big Bet on AI Infrastructure! Spends $10 billion to build Texas data centers, with investment scale nearly six times larger
TechNews Finance APP has learned that Meta Platforms (META.US) will invest over $10 billion to build a data center in El Paso, Texas. This amount is significantly higher than previous estimates and is the latest in a series of major investments the company is making to support its artificial intelligence (AI) ambitions.
When Meta first announced the data center, it pledged to invest $1.5 billion, but the company stated in a blog post on Thursday that it will increase the investment. Meta says this gigawatt-scale data center is expected to be operational by 2028 and will create over 300 on-site jobs. The company also noted that as investment increases, construction demand will grow, with an estimated peak of 4,000 temporary workers on-site.
Meta CEO Mark Zuckerberg has committed to heavy investments in data centers, computing power, and talent needed to compete in the rapidly evolving AI race. This year alone, Meta is expected to spend up to $135 billion in capital expenditures, focusing on AI infrastructure projects. Zuckerberg has also pledged to invest billions more in AI infrastructure by the end of this decade.
Meanwhile, Meta is rapidly expanding its data center footprint, with more than 30 data centers either operational or under construction. Many of these new projects are expected to have a capacity of at least 1 gigawatt, enough to power approximately 750,000 homes.