(Reuters) -Meta’s planned AI data center in Louisiana will cost $50 billion, President Donald Trump said during a cabinet meeting on Tuesday.

The social media company is building its largest data center in Richland Parish, which could handle intense computational power to support digital infrastructure, including artificial intelligence workloads.

The Facebook and Instagram parent declined to comment when asked about Trump’s remarks about the data center.

Meta has tapped U.S. bond giant PIMCO and alternative asset manager Blue Owl Capital to spearhead a $29 billion financing for its data center expansion in rural Louisiana, Reuters reported earlier this month.

The company announced last year that it would spend over $10 billion to set up the data center.

Meta reorganized its AI effort

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