Meta Funds Gas Plants to Power Mega Louisiana Data Center
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Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
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This is Bloomberg Tech. Coming up, the Nasdaq 100 falls into correction territory as big tech stocks keep fooling the Iran war, rattling investor confidence. Plus, Meta is set to fund the construction of seven new natural gas-fired energy plants. fuel its Hyperion data center in Louisiana. And Anthropic is said to be looking to IPO as soon as October. This is the AI company wins a court order blocking a Trump ban on government use of its AI tool. Welcome to the program. Happy Friday, but less happy in financial markets where technology stocks have entered correction territory. Look at how the Nasdaq 100 has traded over the last six months or so. And you can see that as we kind of got into the beginning of 2026, we've gone from those highs down to a bit of a trough.
That's been driven by partly the war in Iran and geopolitics, but also a very deep assessment of AI spending, capital expenditures and cash flows relating to AI. Case in point and a case study is Microsoft. Microsoft is on track to have its worst quarter since 2008, the worst quarter since the financial crisis. And a big part of that, including the activity we're seeing in this session, is the commitment to AI infrastructure build out, the financing of it, and what's underpinning investor confidence right now. Then there's the news flow in the moment. Shares of Meta are also down in this Friday session. And honestly, they're having a bit of a tough week on track for the biggest drop since October.
The social media giant is set to fund the construction of seven new natural gas-fired energy plants to fuel its Hyperion data center, which is in Louisiana. The project is expected to deliver 5.2 gigawatts of electricity, which is a lot. Bloomberg's Riley Griffin joins us on set. This is a big project. So, you know, you kind of talk about seven natural gas-fired sources of energy for a specific project. But give us the sum total of the reporting and a bit more about Hyperion.
Yeah, so Hyperion is the crown jewel of Meta's data center fleet. They have in development more than 30... data centers. And this is the biggest. It's in rural Louisiana. And with today's announcement, we are actually going to see a total of 10 natural gas plants serving this one single data center. It's a massive amount of energy from fossil fuels. And it is just another push forward in this expansion of a major project.
There isn't any sort of dollar figure attached to this. It's the gigawatt figure. And over the course of the war in Iran in particular, we've been very focused on the movement in oil prices. But actually, natural gas is much more relevant to how a data center is powered.
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Chapters
6 chapters
1
What is the main topic discussed in this episode?
0:00–8:30
2
How is the Iran war impacting global markets and tech stocks?
8:30–9:27
3
What is Meta's plan for natural gas-fired energy plants in Louisiana?
9:27–16:02
4
What does the construction of the Hyperion data center mean for Meta?
16:02–30:22
5
How is the Nasdaq 100 affected by geopolitical tensions?
30:22–30:47
6
What are the implications of rising oil prices on the tech sector?
30:47–49:26
Speakers
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