Meta's Dina Powell McCormick: The Case for Data Centers, Backlash, AI Job Boom & Meta's Future

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All-In with Chamath, Jason, Sacks & Friedberg 43 min 3 speakers 6 chapters transcribed 2 hours ago
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Who is Dina Powell McCormick and what role does she play at Meta?

Dina Powell McCormick 0:00
a trailblazing leader in government, business, and philanthropy.
Chamath Palihapitiya 0:04
A former presidential advisor to Donald Trump, Dina Powell McCormick joined Meta Platforms as president and vice chairwoman.
Unknown 0:11
She'll help lead the company's massive AI expansion, including data centers, investments, and global partnerships. Powell McCormick's background is exactly where Meta's
Dina Powell McCormick 0:20
new bottlenecks are. There is a transformation in humanity coming. Nothing can stop that now with this technology. 3.5 billion people every day are on Meta. I think we all know that the next three years could be the whole game. Women are the secret sauce. How about that?
Unknown 0:39
Please welcome Dina Powell McCormick.
Jason Calacanis 0:56
Good to see you. Thanks for coming
David Sacks 1:02
out. Hey, good to see you.
All right, good to see you. How are you?
David Sacks 1:07
Dina, thank you for being here. You know, we were just finishing up a conversation with Satya about how do we tell the story about the benefit of data centers and what they're doing to communities and why they're actually net economically positive. And I know you, so I'm gonna get right into it, because I know you actually have a video on this. Do you want to just start with your video? Would that be okay?
Dina Powell McCormick 1:32
That'd be great. I mean, I just want to say, so psyched to be at the All In Summit, first time to speak. And as long as this episode and panel gets way more listeners and views than Senator McCormick's did when he came
David Sacks 1:45
on, I'll be very, very happy
Dina Powell McCormick 1:46
with that. So now we
David Sacks 1:47
can roll the tape. No
Dina Powell McCormick 1:49
competition.
David Sacks 1:50
Good. We'll put it on Polymarket. Let's watch the video.
Unknown 1:57
Richland Parish was the place that opportunity forgot about. I've grown up here my whole life. And I've seen a lot of people move away looking for work, including my son. What you were hearing a lot lately was there's nothing here for us anymore.
Unknown 2:35
We knew that having a data center would give us an industry here that we haven't had before. That's a huge investment in our community. We started this business simply because metal was coming. We thought we could hit it big when we got to cater for 40 people. Now we do 400 a week. Since Metta came to town, we've hired more employees. A multi-billion dollar capital investment like the one that Metta is making in Richland Parish is, it was transformative. It's extremely exciting to attract and retain quality teachers. So when I first got the news about the bonus, it was jaw-dropping. My mouth was literally wide open. We're not in it for the money. We're teachers because it's in our heart. But the bonus has been extremely helpful.
Unknown 3:33
With the investment that META has made in our community, now we can do a better job of taking care of our own. I do feel a lot of hope for the future of my students. It gives them the opportunity that they never thought that they would have. And I would say one of the biggest things is people coming back home. you know, the future is happening here and happening now.
David Sacks 4:11
You have some folks from the video here?
Dina Powell McCormick 4:13
I do. Can
David Sacks 4:13
they come
Dina Powell McCormick 4:14
on out? Come on out. Sheldon and Susan, we have the superintendent from that video, the superintendent in Richland Parish.
Jason Calacanis 4:28
Thanks for joining us. Pleasure. Hi, sir. Thanks for joining
David Sacks 4:33
us. How are you? Come on down. Good to meet you. How are you? Thank you for being here.
Dina Powell McCormick 4:40
Thanks for having us.
David Sacks 4:42
You want to do an introduction? Sure.
Dina Powell McCormick 4:44
What an honor. It's an honor for me to be here with Sheldon and Susan.

How is Meta’s new data center revitalizing Richland Parish, Louisiana?

Dina Powell McCormick 4:49
We've spent a lot of time in Louisiana. It's our largest data center investment for Meta. And I've been with them in Louisiana. And what is remarkable to me is just... the leadership that, frankly, the governor has shown. Susan is the Commerce Secretary for Louisiana, the Economic Development Secretary. And Sheldon, who I'm going to let him speak for himself, but he is such an inspirational figure there. And he is the one that realized that because of our investment, the tax surplus would go straight to teachers. And maybe you could talk just a little bit about that.
Unknown 5:24
Yeah, so it's great to be here. I just think back to my first interaction with META. It was in the summer of 2024, and it was at our local community college, and I just remember after the meeting getting in my car, and it's hot in Louisiana, so I turned the air on, and I just sat there, and I said,

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