Meta to invest $1.5bn in a new data centre

News Image

MG News | October 16, 2025 at 12:45 PM GMT+05:00

October 16, 2025 (MLN): Meta Platforms plans to invest more than $1.5 billion in a new data centre in the US state of Texas by 2028, as part of its expanding investment in artificial intelligence infrastructure.

The company said the El Paso location will only use renewable energy sources and will have cutting-edge water recycling systems to reduce its environmental impact, as reported by APP.

The building is a component of Meta's larger plan to increase processing power for its AI-powered products, such as Facebook, Instagram and the company's aspirations for the metaverse.

In order to satisfy the increasing power requirements of AI model training and immersive digital experiences, Meta has been quickly constructing data centres across the United States.

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 165,417.51
149.81M
0.39%
641.07
ALLSHR 100,346.06
584.25M
0.37%
370.20
KSE30 49,038.49
65.46M
0.35%
170.22
KMI30 238,797.93
74.37M
0.52%
1229.15
KMIALLSHR 65,161.97
277.05M
0.49%
320.82
BKTi 45,567.74
16.04M
0.38%
171.20
OGTi 33,556.40
4.20M
0.38%
128.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 83,045.00 84,295.00
82,600.00
-340.00
-0.41%
BRENT CRUDE 105.74 107.15
105.21
0.05
0.05%
RICHARDS BAY COAL MONTHLY 128.50 0.00
0.00
0.20
0.16%
ROTTERDAM COAL MONTHLY 145.80 0.00
0.00
0.30
0.21%
USD RBD PALM OLEIN 1,167.50 1,167.50
1,167.50
0.00
0.00%
CRUDE OIL - WTI 95.51 95.99
93.97
1.37
1.46%
SUGAR #11 WORLD 21.07 21.12
20.80
-0.04
-0.19%

Chart of the Day


Latest News
October 14, 2026 at 05:40 PM GMT+05:00

SBP raises Rs685bn through MTB auction


October 14, 2026 at 05:26 PM GMT+05:00

Govt reports fiscal gains, debt falls to 68% of GDP


October 14, 2026 at 04:22 PM GMT+05:00

PKR holds firm against USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg