🤖 AI Summary
Meta announced a plan to invest $600 billion in U.S. infrastructure, AI and jobs by 2028, with a major focus on building more AI data centers, hiring and upskilling local labor, and funding community projects. The company says it has already supported 30,000 skilled-trade jobs and $20 billion to U.S. subcontractors, and has given $58 million through Data Center Community Action Grants. Meta frames the push as reinforcing U.S. technological leadership and one-upping rivals (OpenAI, Apple) that have pledged roughly $500 billion. Despite 26% year-over-year revenue growth last quarter, the stock fell about 17% this month after earnings, reflecting investor concerns about heavy near-term capital spending.
Technically, the plan signals a substantial increase in AI compute capacity and corresponding pressure on power, cooling and water infrastructure. Meta reports it has contributed “hundreds of millions” to grid upgrades, adding roughly 15 GW of capacity, matches 100% of its energy use with renewables, and targets a 42% cut to Scope 1/2 emissions vs. 2021 by 2031. It also aims to be water-positive by 2030 (replacing 100% of water in medium-stress watersheds and doubling replacement in high-stress areas) and to hold Scope 3 emissions to 2021 levels for third-party vendors. Those commitments will steer cloud/network design, procurement, and vendor decarbonization efforts across the AI ecosystem while inviting scrutiny on community impact and long-term ROI.
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