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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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.