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Meta Launches $1B Community Fund As Opposition To AI Infrastructure Grows
['Ryan Wangman']
Bisnow News Feed
Meta CEO Mark Zuckerberg is trying a new tactic to appease growing opposition to the proliferation of data centers across the country.
A Meta spokesperson confirmed that the fund was $1B and told Bisnow in a statement that the fund will begin working with communities to "create customized investments and programs shaped by local needs."
"Sustainable infrastructure development means that communities must benefit significantly from each project," Zuckerberg wrote.
Additional details about the newly launched fund are scant, but the Meta spokesperson said the company would have more to share soon.
Meta has poured hundreds of billions of dollars into AI build-outs, almost entirely to improve its own products.