Khankendi to host 17th ECO summit
Azerbaijan is an active member of the Economic Cooperation Organisation (ECO), and hosting the 17th ECO Summit in the country highlights its growing r...
According to a report by The Information, Meta Platforms is in discussions to build a new data center campus dedicated to its artificial intelligence projects, with potential costs exceeding $200 billion.
Sources familiar with the matter say that Meta executives have briefed data center developers on the possibility of locating the campus in states such as Louisiana, Wyoming, or Texas, with senior leaders having visited potential sites this month.
The report comes as investment in AI infrastructure continues to surge following the launch of Microsoft-backed OpenAI’s ChatGPT in 2022. As companies worldwide strive to integrate AI into their products and services, the race to expand data center capacity has intensified.
However, a Meta spokesperson denied the report, stating that the company’s current data center plans and capital expenditures have already been disclosed, adding that any figures beyond those commitments are "pure speculation." This comes on the heels of Meta CEO Mark Zuckerberg’s recent announcement that the company intends to spend up to $65 billion this year to expand its AI infrastructure.
In comparison, Microsoft is planning to invest about $80 billion in data center development for fiscal 2025, while Amazon has indicated that its 2025 spending on similar initiatives will exceed the $75 billion estimated in 2024.
If Meta were to proceed with a project of this scale, it would mark a dramatic increase in investment over its publicly stated plans, potentially reshaping the competitive landscape for AI infrastructure. As the tech industry watches closely, the final decision and scope of Meta’s initiative remain to be seen.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
At least seven people remain missing following a massive explosion at a fireworks warehouse in the town of Esparto, Northern California, according to a report by NBC News citing local officials.
A delegation from Azerbaijan, led by MP Qaya Məmmədov, took part in the annual session of the Organisation for Security and Cooperation in Europe Parliamentary Assembly (OSCE PA), held from 28 June to 3 July in Porto, Portugal.
Chinese scientists have unveiled PlantGPT, the first large language model-based artificial intelligence designed specifically for plant functional genomics.
UN Secretary-General António Guterres on Thursday warned that the humanitarian situation in the Gaza Strip has reached a critical level and called for an immediate and lasting ceasefire. He emphasised that vital infrastructure is on the verge of collapse due to a severe fuel shortage.
The US House of Representatives approved a significant tax-cut and spending bill on Thursday, passing it by a narrow margin of 218 to 214. The legislation has now been sent to President Donald Trump for his signature.
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