Meta details $600 billion US investment pledge that led to a hot-mic moment between Zuckerberg and Trump
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Meta details $600 billion US investment pledge that led to a hot-mic moment between Zuckerberg and Trump
"The $600 billion US investment that Mark Zuckerberg previously floated at a White House dinner with Trump is set to become a reality. In a blog post published by Meta on Friday, the company said that it would commit over $600 billion to the US by 2028 to "support AI technology, infrastructure, and workforce expansion." The details follow a September pledge by Zuckerberg during a meal with Trump and other AI leaders,"
"At the time, Zuckerberg appeared to express some uncertainty about the exact number. In a side conversation with President Donald Trump, audible during a hot-mic moment, Zuckerberg was heard saying, "I wasn't sure what number you wanted to go with." At a Goldman Sachs conference in San Francisco later that month, Meta CFO Susan Li talked more about Zuckerberg's pledge. The overall number referred to "the total envelope" of Meta's US investment plans from this year through 2028, Li said."
Meta will commit over $600 billion to the United States by 2028 to support AI technology, infrastructure, and workforce expansion. The pledge traces to a September dinner with President Donald Trump and other AI leaders, where a $600 billion figure was mentioned. Meta emphasized that the overall figure covers data center infrastructure plans and investments supporting U.S. business operations, including personnel hires. Meta plans to develop AI data center designs that reduce water use and aims to become water positive by 2030, meaning it will return more water to the environment than it consumes. The investment will advance AI capabilities and build U.S. infrastructure.
Read at Business Insider
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