Meta plans to build a new gigawatt-level data center in Texas

Jinse Finance reported that Meta Platforms (META.O) is building a new gigawatt-scale data center in Texas, USA, to advance its efforts in artificial intelligence. This is the latest in a series of major investments by the company, which aims to keep pace in the highly competitive AI industry. The company stated on Wednesday that it will spend more than $1.5 billion on the new facility to be built in El Paso, Texas. Reportedly, the data center will eventually have a capacity of 1 gigawatt, powering high-end computing chips for AI-related projects. A company spokesperson said it is expected to go online in 2028.