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Meta expands investment team with new leadership
Meta announced the appointment of Dina Powell McCormick as President, Vice Chair, and Co-Lead, aimed at strengthening its efforts to attract foreign capital and improve AI investments. The move was made at the direction of Mark Zuckerberg and focuses on leveraging her political and financial connections to facilitate funding for the company's projects. Meta has signed an agreement with BlackRock to build a $14 billion data center in Texas and plans to spend over $600 billion on AI technologies, avoiding debt burden on the budget through innovative financing models. Public concerns about the environmental impact and energy consumption of massive data centers are increasing, prompting the company's management to address the rising societal anxiety over its rapid expansion in artificial intelligence.
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