Meta (META) now plans to spend USD 10bln on its AI data center in El Paso, Texas, up from a prior commitment of USD 1.5bln, via CNBC

Meta's significant increase in planned spending on its AI data center from USD 1.5 billion to USD 10 billion signals a strong commitment to enhancing its AI infrastructure. This move could indicate not only confidence in future growth but also potential competitive positioning within the tech space, impacting related sectors and possibly provoking interest from investors in the AI space more broadly.