"Meta has appointed former Trump administration adviser Dina Powell McCormick to a newly created senior leadership role, underlining the tech giant's determination to accelerate its push into artificial intelligence infrastructure. The owner of Facebook, Instagram and WhatsApp said Powell McCormick will join the company as president and vice chairman, with a remit spanning global strategy, government engagement and capital partnerships, with a particular focus on funding and scaling Meta's vast AI ambitions."
"Meta has emerged as one of the most aggressive investors in AI infrastructure as it races rivals such as OpenAI, Microsoft and Oracle to develop increasingly powerful systems. The company is building multiple gigawatt-scale data centres across the United States, including a flagship site in Louisiana that was highlighted by former US president Donald Trump and is expected to cost as much as $50bn."
Meta appointed Dina Powell McCormick as president and vice chairman with responsibility for global strategy, government engagement and capital partnerships, focusing on funding and scaling the company’s AI ambitions. She will report directly to Mark Zuckerberg. Meta is investing aggressively in AI infrastructure, building multiple gigawatt-scale data centres across the United States including a flagship Louisiana site expected to cost up to $50bn. Zuckerberg has pledged up to $600bn for infrastructure and is raising tens of billions in external financing. Meta has secured long-term energy partnerships and positioned itself as a major corporate buyer of nuclear power to meet AI electricity demands.
Read at Business Matters
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