Meta Platforms is reportedly in talks to build a new data centre campus for its AI projects, potentially costing over$200 billion, according to sources familiar with the matter. The company is considering locations in states like Louisiana, Wyoming, and Texas, with senior executives visiting potential sites this month.

This comes as the AI sector sees a surge in investment, especially following the launch of Microsoft-backed OpenAI's ChatGPT in 2022. Companies are eager to incorporate AI into their products, leading to significant spending on AI infrastructure.

Despite the report, a Meta spokesperson denied the claims, stating that its data centre plans and capital expenditures have already been disclosed and calling the rest 'pure speculation'. Meta's CEO, Mark Zuckerberg, had previously mentioned that the company plans to invest up to$65 billion this year to expand its AI infrastructure.

In comparison, Microsoft has pledged around$80 billion in data centre investments for fiscal 2025, while Amazon has indicated its 2025 spending could exceed$75 billion.