DCD Magazine #62 - The coming wave
Will compute at sea sink or swim?
News - Business Operations, Meta
The latest news from the AI, data center, telco, chip, and cloud sector
DCD Magazine #62 out now
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Meta to expand Eagle Mountain data center campus in Utah
Fourth expansion company has announced at campus
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Meta's $1.2bn data center in Kuna, Idaho, goes live
Facility is the company's second AI-optimized data center
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Meta boosts AI data center capex, forecasts $130-145bn spend
Shares drop as spending increases, and free cash flow falls
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Meta and BlackRock team up for data center in El Paso, Texas
Will offer 1GW of compute capacity
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Trump expands Ratepayer Protection Pledge with 200-plus new signatories
Including utility heavyweights Southern Company, PPL Corp, NextEra Energy, Duke Energy, and American Electric Power
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Meta starts operations at data center in Temple, Texas
Facility the result of $1.2bn in investment
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Fire at Meta data center construction site in Beaver Dam, Wisconsin
Fire Department dispatched at 5:37pm, July 19
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AWS cloud lead Dave Brown heads to Meta - report
After Meta reveals plans for its own cloud business
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Crusoe to develop 1.4GW data center campus in Childress, Texas
Company partners with Lancium again
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Meta expands data center campus in Richland Parish, Louisiana, to 5GW & $50bn
Company will also invest $1bn in local infrastructure improvements
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Meta plans $9.17bn gigawatt-scale data center in Alberta, Canada
Marks social media giant's first data center in the country
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Meta's Sham Parmar joins Anthropic's data center supply chain team
To focus on power and cooling infrastructure for data center buildouts
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Meta inks deal for 168MW of data center space at new Reliance Industries data center in Gujarat, India
Also announced 900MW clean energy purchases
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Meta's Andrew Rudersdorf joins Anthropic's data center energy team
As Anthropic expands, and Meta contracts
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Data center operators offer potential job opportunities to laid off Meta workers
The industry is booming, but hyperscalers keep cutting jobs
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Meta begins laying off 8,000 workers, including data center staff
Even as the job cuts look to help fund more AI data centers
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Real estate developer Panattoni takes over Meta-backed data center proposal in southern Wisconsin
But residents remain unhappy
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Meta raises planned capex for 2026, plans layoffs for "efficiency" reasons
Social media giant also secures $25bn in bond sale
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Meta's head of energy leaves social network giant
Urvi Parekh departs after 10 years at the company
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Meta signs "multibillion-dollar" agreement with AWS for large-scale Graviton5 deployment
Social media giant says it will deploy “tens of millions” of Graviton5 cores in support of agentic AI workloads
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Meta breaks ground on data center in Tulsa, Oklahoma
Will be company's first data center in the state
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Meta partners with CBRE to train data center technicians in the US for free
Successful graduates will go on to work at Meta data centers
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Meta files to expand campus in El Paso, Texas, with 12 new buildings
Will invest $289m in the project
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Meta signs $21bn AI infrastructure contract with CoreWeave
CoreWeave also raising another $4.25bn in convertible and senior notes
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CoreWeave secures $8.5bn loan for GPU purchases
Reportedly backed by Meta deal signed last year
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Meta pledges $10bn investment for El Paso, Texas, data center
Project broke ground in 2025
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US hyperscaler capex to top $700bn in 2026, investors fear overbuild and weak returns - Moody's
Capex in 2026 will be six times larger than 2022
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Oracle/OpenAI drop plans to expand flagship Abilene Stargate site, Meta in talks to pick up Crusoe capacity with Nvidia's help
Financing challenges and Stargate's changing scope end Texas data center expansion plans