Market Chatter: Meta Signs AI Computing Capacity Deals With Crusoe

MT Newswires Live05:57

Meta Platforms (META) has signed agreements to purchase about 1.6 gigawatts of AI computing capacity from data center developer Crusoe across two sites in Texas and Missouri, Bloomberg reported Thursday, citing people familiar with the matter.

The agreements would bolster Meta's computing infrastructure for its AI. Financial terms and delivery timelines were not disclosed, according to the report.

Meta and Crusoe did not immediately respond to requests for comment from MT Newswires.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment