The post Meta to build $13 billion AI data center in Alberta, its first in Canada appeared on BitcoinEthereumNews.com.
Meta will build a 1-gigawatt AI data center in Sturgeon County, Alberta, the company’s first in Canada and, by its own account, its largest outside the United States. Meta puts the investment at more than CAD $13 billion, or roughly $9.2 billion in US dollars. The company confirmed the project on Wednesday, July 8, at a Calgary news conference where Gary Demasi, Meta’s vice-president of data center strategy and development, appeared alongside Alberta Premier Danielle Smith. As reported by EnergyNow, Gary Demasi said: We are excited to announce that Sturgeon County, Alberta, will be home to Meta’s newest data center. The site sits about 35 kilometers north of Edmonton in the Alberta Industrial Heartland, a zone set aside for heavy industry. It will span roughly 2.9 million square feet and rank as Meta’s 33rd data center worldwide, joining a fleet that already includes f
Meta's investment in Alberta highlights the growing tension between tech expansion and environmental sustainability, challenging net-zero goals.
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Meta's smart glasses raise privacy concerns and highlight the need for decentralized data solutions, impacting tech and legal landscapes.
The post Meta develops prototype smart glasses with continuous recording capabilities appeared first on Crypto Briefing.
Meta's investment in Alberta's data center could reshape energy markets, impacting crypto miners by altering power availability and pricing dynamics.
The post Meta’s C$13B Alberta data center signals the AI infrastructure arms race crypto miners should watch appeared first on Crypto Briefing.
Meta's investment in Alberta highlights the growing intersection of tech and energy sectors, raising questions about sustainability and economic impact.
The post Meta invests $10B to build first data center in Canada appeared first on Crypto Briefing.
The post Meta’s Market Value Passes Tesla’s—But Both Stocks Are Still Tanking appeared on BitcoinEthereumNews.com.
Topline Meta edged past Tesla in market value Wednesday—not because Meta’s stock rose, but because Tesla’s fell harder—setting up Meta’s earnings report later this month as a test of whether the tech giant’s big spending on artificial intelligence is paying off. Meta shares topped Tesla’s market value by more than $50 million. Photo illustration by Cheng Xin/Getty Images Key Facts Meta’s total market value crossed above Tesla’s on Wednesday, with Meta shares trading at $605.16 as of 1:25 p.m. EDT—giving the company a market value of over $1.5 trillion. Meta shares were down 1.7% on the day even as the milestone was reached, while Tesla’s stock slid over 2.3%, handing Meta the lead in market value by default rather than through any gain of its own. Meta has traded between $520.26 and $796.25 since last July and is now roughly around the middle of that range, well below the
Meta has launched a new AI image-generation model that can use content from public Instagram profiles. All users with public profiles have been automatically opted into the program.
