With tech companies such as Microsoft doubling down on their AI spendings, will Meta follow suit?
With Microsoft retreating on their data center leases, AI infrastructure-related companies such as Schnieder Electric took a hit on their shares. Amidst the speculation as to why they changed their stance, Meta continues to guard their vision – bringing the metaverse to life.
And to achieve this, Meta continues invest deeply in AI infrastructure.
A drastic surge in the adoption and integration of AI across the marketplace has necessitated the need for its supply – from high-quality chips to electricity powering data centers.
Goldman Sachs reports that by 2030, there will be a 165% boost in the use of AI globally. There has been an explosive amount of interest in modern tech, marketing politics, and education – almost every industrial domain is relying on it.
The application of AI has resulted in an exponential demand for data centers. The marketplace is turning into a black hole with an insatiable thirst to keep up with the trends and adopt artificial intelligence. Businesses leveraging it into their operations require high-computing power and efficient storage solutions.
And that’s where the tech powerhouses are directing their investments – data centers. According to a report by The Information, Meta is aiming to invest over $200 billion in a data center campus.
It could be situated in Texas, Wyoming, or Louisiana as the stakeholders continue inspecting and touring different locations.
This could be another step forward toward an innovation-rich future. But the overall stakes remain high. AI data centers have significant downsides, and the crucial one to remember is – that they cause immense power surges, leading to potential fires in the surrounding areas.
While investing in this tech might equal investing in a bright and groundbreaking future, are we ready to face the ramifications that could follow?