Meta's stock price surged following reports of a new cloud computing business unit for external customers. The company is investing approximately $9 billion to build its first large-scale Canadian data center in Alberta with a 1 gigawatt capacity. Additionally, Meta plans to launch a new AI chip in September, aiming to double its computing capacity to further support AI technologies.
Meta Platforms is negotiating a potential $10 billion deal to lease its massive AI computing resources to startup Anthropic, aiming to monetize its infrastructure investments.
Read the full storyMeta plans to launch a new custom AI chip this September, aiming to double its computing capacity and reduce reliance on external hardware providers.
Meta is launching a 1-gigawatt data center in Alberta, Canada, costing $9 billion to scale its global AI infrastructure.