Meta’s (META) Hyperion Project Underscores Aggressive AI Infrastructure Push

Meta Platforms Inc. (NASDAQ:META) is one of the most profitable tech stocks to invest in now. In an August 26 meeting, President Donald Trump remarked that Meta Platforms is planning a $50 billion investment in its Louisiana data center, called “Hyperion.” However, Meta Platforms Inc. (NASDAQ: META) declined to comment on the remark.

While the company has only confirmed spending above $10 billion on the facility, a report from Reuters suggests the company has secured $29 billion in financing, led by Pacific Investment Management Co. and Blue Owl Capital, marking the largest funding package to date for an AI-focused data center.

Meta’s (META) Hyperion Project Underscores Aggressive AI Infrastructure Push

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The scale of the project reflects Meta Platforms Inc.’s (NASDAQ:META) aggressive commitment to AI infrastructure. The company has over 3.4 billion people using its apps daily, which supports its efforts in developing its expertise in personal superintelligence. Recent developments include a $10 billion, six-year cloud partnership with Google and the licensing of Midjourney’s image and video aesthetic technology.

The investment underscores Meta Platforms Inc.’s (NASDAQ:META) intention to build infrastructure in line with its long-term AI ambitions, although the full cost and scope of Hyperion remain unclear. For now, the project highlights the scale of resources Meta is dedicating to maintain its position in the evolving AI landscape.

Meta Platforms Inc. (NASDAQ:META) operates major social media services, including Facebook, Instagram, WhatsApp, Messenger, and Threads, along with virtual reality products like Oculus headsets.

While we acknowledge the potential of META to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than META and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.