Meta Platforms (META) is planning a nearly $1 billion data center project in Wisconsin as part of its efforts to increase investments in artificial intelligence and cloud infrastructure, Bloomberg reported Saturday.
Bloomberg said a document showed that the state of Wisconsin signed an incentive deal with an unnamed company for the development of a data center in the state through an expected multiyear investment of $837 million, and a source told the news outlet that the company is Meta Platforms.
Meta Platforms did not immediately respond to MT Newswires' request for a comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Comments