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Pymnts

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Google, Meta and Others Pledge Billions of Dollars to Build AI Data Centers

  • Google, Meta, Blackstone, and CoreWeave are planning to invest billions of dollars in building data centers for artificial intelligence.
  • Google intends to spend $25 billion in the PJM electric grid region over the next two years for data centers and AI infrastructure.
  • Meta CEO Mark Zuckerberg announced plans to invest 'hundreds of billions of dollars' into compute for building superintelligence, with the first cluster expected to come online in 2026.
  • In addition to Google and Meta, Blackstone plans to invest over $25 billion in data centers in Pennsylvania, while CoreWeave commits $6 billion for a new AI data center in Lancaster, Pennsylvania.

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