AICloudInfrastructure

Meta Partners with Blue Owl in $27 Billion AI Data Center Venture in Louisiana

Meta has established a massive $27 billion joint venture with Blue Owl Capital to fund the Hyperion AI data center campus in Louisiana. The partnership will see Blue Owl own 80% of the venture while Meta retains 20% and provides management services. The social media giant has committed to lease the entire campus with a 16-year financial guarantee.

Massive AI Infrastructure Investment

Meta Platforms has reportedly formed a $27 billion joint venture with Blue Owl Capital to develop what sources indicate will be one of the world’s largest AI data center campuses in Louisiana. According to reports, this represents one of the most significant infrastructure investments in Meta’s history as the company accelerates its artificial intelligence ambitions.

LegalSocialTechnology

Tech CEOs Zuckerberg, Mosseri, Spiegel Ordered to Testify in Landmark Social Media Addiction Trial

A Los Angeles judge has ordered three top tech executives to testify in a landmark trial addressing social media addiction claims. The January proceedings will examine whether platforms knowingly harmed young users through addictive features.

Judge Orders Compulsory Testimony in Social Media Safety Case

Meta CEO Mark Zuckerberg, Instagram chief Adam Mosseri and Snap CEO Evan Spiegel have been ordered to testify in an upcoming trial examining social media addiction and platform safety, according to reports from CNBC. The Los Angeles Superior Court ruling mandates the executives’ appearance in proceedings scheduled to begin in January, marking a significant development in the ongoing legal scrutiny of social media companies’ practices.