Meta has doubled down on AI spending, with CEO Mark Zuckerberg promising to ramp up AI investments into next year. In its third-quarter earnings report, Meta raised capital expenditure estimates for the 2024 fiscal year to between $38 billion and $40 billion.

“Supporting the development of clean energy must continue to be a priority as electric grids expand to accommodate growing energy needs,” the company said in a release. “At Meta, we believe nuclear energy will play a pivotal role in the transition to a cleaner, more reliable, and diversified electric grid.”

Meta, the parent company of Facebook, is on the lookout for developers to start nuclear reactors in the early 2030s. The aim is to power its data centers and the communities around them. The move puts Meta in line with other tech giants such as Amazon and Google,

As we look ahead to our next decade of innovation and growth, we are planning for our data center energy needs while simultaneously contributing to a reliable grid,' says tech giant - Anadolu Ajansı

Meta Platforms Inc. is seeking as much as 4 gigawatts of new nuclear energy to run data centers and support the US electric grid, starting in the early 2030s.

Meta is turning to nuclear power to address its growing AI and data center energy needs, planning to add up to 4 GW of U.S. nuclear capacity by the early 2030s as energy demand triples. Meta Looks to Nuclear Energy

Meta (NASDAQ:META) is looking to bring nuclear reactors online starting in the early 2030s to power and support AI data centers and surrounding communities, Axios reported Tuesday, joining the likes of rivals Google (GOOG) (GOOGL) and Amazon (AMZN),