Meta Funds Gas Plants for Louisiana Data Center

Meta Platforms is investing in the construction of seven natural gas-fired power plants to support its massive Hyperion data center in Louisiana. This move highlights the significant energy demands of large-scale AI infrastructure. Meanwhile, the tech sector faces broader market pressures, with the Nasdaq 100 entering correction territory amid geopolitical concerns. Separately, AI startup Anthropic is reportedly exploring an initial public offering as early as October, signaling continued investor interest in the artificial intelligence space despite market volatility.