Meta has appointed new executives to head various aspects of its artificial intelligence (AI) initiatives.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.“Meta is planning to build tens of gigawatts this decade, an ...

Meta Platforms said on Monday that Dina Powell McCormick, who comes from the worlds of international finance and politics, has become the company's president and vice chairman. At the same time, it formed a new internal group devoted to constructing artificial-intelligence infrastructure. ...

Core Insights - Meta Platforms has entered into nuclear power agreements with three providers, including Oklo, to secure carbon-free electricity for its AI infrastructure [1][3] - Oklo's stock rose 8% following the announcement, reflecting investor confidence in its business model [1] - The partnership aims to deliver 6.6 gigawatts of power by 2035, surpassing New Hampshire's total electricity demand [3] Company Developments - Oklo, a small modular reactor developer, went public in 2024 through a SPAC merger and is currently valued at over $600 million [1] - The advanced nuclear technology campus in Pike County, Ohio, is expected to be operational by 2030, marking a significant milestone for Oklo [4] - Oklo's aggressive execution strategy includes leveraging Department of Energy pathways to expedite development and licensing [8] Industry Trends - The announcement aligns with similar nuclear commitments from other tech giants like Amazon and Alphabet, indicating a trend among data center operators to adopt nuclear energy for AI workloads [5] - The nuclear projects are seen as a scalable solution for providing reliable baseload power, which is essential for energy-intensive applications [4] - Oklo's stock has surged over 300% in the past year, driven by investor optimism regarding its multifaceted approach to nuclear energy [9]

Group 1 - Meta is launching a new initiative called Meta Compute, focusing on building data centers and infrastructure for AI, with plans to develop "tens of gigawatts" of capacity this decade and "hundreds of gigawatts or more" over time [1][2] - The company plans to invest $600 billion in US infrastructure and jobs, including AI data centers, by 2028, indicating a strong commitment to AI infrastructure as a competitive advantage [2] - The new initiative will be led by Santosh Janardhan and Daniel Gross, with oversight from Dina Powell McCormick, who will focus on partnerships with governments and sovereign entities for infrastructure financing [3][4] Group 2 - The power output of one gigawatt is comparable to half the output of the Hoover Dam or the power of 2,627 Tesla Model 3s, highlighting the scale of Meta's planned infrastructure [3] - The strategic focus on AI infrastructure is seen as a key competitive advantage for Meta, with the initiative reporting directly to CEO Mark Zuckerberg [2]

Key Points Oklo's Meta news helped drive Oklo stock up 35% last week. It's giving back some gains today as investors take profits. 10 stocks we like better than Oklo › Oklo (NYSE: OKLO) stock, the start-up manufacturer of small modular (nuclear) power reactors that surged 35% last week on news of a new contract with Meta (NASDAQ: META), is taking a bit of a breather Monday. As of 1:40 p.m. ET, Oklo stock is down about 2.1% on no apparent news. Image source: Getty Images. Meta's nuclear news That ...

Core Insights - Meta has launched the "Meta Compute" initiative aimed at building artificial intelligence infrastructure and managing its global data centers and supplier partnerships to achieve superintelligence [1][3] - CEO Mark Zuckerberg announced that the initiative will be co-led by Santosh Janardhan and Daniel Gross, focusing on technical foundations and strategic capacity planning [2] - Meta is significantly increasing investments in frontier AI, planning to build tens of gigawatts of energy capacity this decade, with a long-term goal of hundreds of gigawatts [3] Investment and Infrastructure - The new computing power targets are expected to consume electricity equivalent to small cities or countries, raising concerns about resource exploitation [4] - Meta has committed up to $72 billion in capital spending for 2025 to support these AI projects [4] - To secure long-term electricity supplies, Meta has entered into 20-year agreements to purchase power from three Vistra nuclear plants and is collaborating on projects for small modular reactors [5]

Meta will establish Meta Compute to construct tens of gigawatts of computing infrastructure this decade and hundreds of gigawatts more in the future, CEO Mark Zuckerberg said on Monday. ...

NEW YORK (AP) — Facebook owner Meta has named Dina Powell McCormick, a former Trump administration adviser and longtime finance executive, as president and vice chairman of the tech giant. Powell McCormick previously served on Meta's board of directors — where, the company notes, she was “deeply engaged” in accelerating its artificial intelligence push across platforms. In her new management role, Meta says Powell McCormick will help guide its overall strategy, including the execution of multi-billion-dol ...

Meta has a new president — and she's a former advisor to President Donald Trump. The tech giant named Dina Powell McCormick as its president and vice chairman on Monday. Powell McCormick joined Meta's board in April before resigning in December.Before joining Meta, Powell McCormick served as a deputy national security advisor to Trump. The president applauded her appointment on Truth Social: "A great choice by Mark Z!!" Powell McCormick is the second former Trump official appointed to a Meta leadership po ...

Core Viewpoint - Meta Platforms has appointed Dina Powell McCormick, a former advisor to Trump, as President and Vice Chair, aiming to enhance the company's overall strategy and execution, particularly in AI and infrastructure investments [2][3]. Group 1: Appointment and Role - Dina Powell McCormick will guide Meta's strategic direction and collaborate with the computing and infrastructure teams on multi-billion dollar investments [2][3]. - Her appointment coincides with Meta's efforts to strengthen ties with the current government, focusing on collaboration with governments and sovereign nations for AI and infrastructure development [3][8]. - McCormick has over 25 years of experience, including 16 years at Goldman Sachs and various roles in the U.S. government, notably as Deputy National Security Advisor under Trump [3][8]. Group 2: Financial Investments and Market Response - Meta is investing heavily in AI infrastructure, with plans to spend over $72 billion, which has raised concerns among investors due to a lack of clear timelines for returns [4][9]. - The company is constructing a $27 billion data center in Louisiana and has agreements to become a key customer for new and existing nuclear power projects to meet its substantial computing power needs [2][9]. - Despite these efforts, Meta's stock has seen a nearly 9% decline over the past three months, and investor confidence remains shaky following McCormick's appointment [5][9].