Meta (META) to Build 1-Gigawatt Indiana AI Data Center

Meta (META) will break ground in Lebanon, Ind., on a new data center with a capacity of 1 gigawatt, part of its $10 billion AI infrastructure expansion. The facility will support both AI workloads and Meta’s core products and is among its largest projects to date. The company plans up to $135 billion in AI-related spending in 2026, compared to $72.2 billion in 2025. By that measure, Meta’s spending surpassed shares in Google (GOOGL) and Amazon (AMZN) during the earnings reports, though Meta’s stock has since returned to trend. To mitigate local concerns, Meta will fully cover energy costs, contribute $1 million annually for 20 years to the Boone REMC Community Fund, and invest over $120 million in water and infrastructure improvements in Lebanon.