Key facts
- Meta Platforms and BlackRock are partnering on a $14 billion data center in El Paso, Texas.
- The El Paso data center will support Meta's AI infrastructure.
- Core Scientific and AMD have signed a 15-year deal for 529 MW of AI data center capacity.
- The Core Scientific and AMD deal could expand to 2.5 GW.
- The Core Scientific and AMD agreement could generate over $14 billion in revenue for Core Scientific.
- Core Scientific is pivoting from Bitcoin mining to AI infrastructure.
- Coursera is investing $100 million in Andrew Ng's new AI education firm, LearnVector.
- LearnVector aims to equip white-collar workers with new skills for AI-driven changes.
- Meta CEO Mark Zuckerberg stated the U.S. should not block Chinese AI models.
- Nvidia is investing $1 billion in Naver for AI infrastructure.
- The Nvidia and Naver partnership aims to develop 200 MW of data center capacity by 2028.
Meta Platforms and investment manager BlackRock are collaborating on a significant data center project in El Paso, Texas, valued at approximately $14 billion. This venture is intended to bolster Meta's artificial intelligence infrastructure. Concurrently, Core Scientific has secured a substantial 15-year agreement with AMD for 529 MW of AI data center capacity, with provisions for expansion to 2.5 GW. This deal is projected to generate over $14 billion in revenue for Core Scientific and marks a strategic shift from Bitcoin mining to AI infrastructure.
Further investment in AI infrastructure comes from Nvidia, which plans to invest $1 billion in the South Korean technology group Naver. This partnership aims to establish global AI infrastructure, with a target of developing 200 megawatts of data center capacity by 2028. In the realm of AI education and workforce adaptation, Coursera is injecting $100 million into LearnVector, a new artificial intelligence startup founded by its co-founder Andrew Ng. LearnVector's objective is to equip white-collar professionals with the skills necessary to navigate AI-driven changes in the workplace.
On the geopolitical front of AI development, Meta CEO Mark Zuckerberg has voiced his opinion that the United States should refrain from blocking Chinese AI models. He argues that such prohibitions would be ineffective in maintaining a competitive edge and could potentially lead to regulatory capture by domestic American firms. These developments collectively highlight a global surge in investment and strategic realignments within the artificial intelligence sector, spanning infrastructure, education, and policy considerations.