Meta 正在路易斯安那州 Richland Parish 建设一个约 2000 亿美元的 AI 资料中心园区，占地接近 4,000 英亩乡村土地，President Donald Trump 表示它的规模可能扩张到接近曼哈顿。这个由 Mark Zuckerberg 命名为 Hyperion 的专案，正由华尔街巨头提供约 270 亿美元融资，并将需要 Entergy Louisiana 提供重大的新能源基础设施；该公司计划建设 10 座燃气电厂，为运算供应 5 gigawatts，并再为整个园区供应另 2.5 gigawatts。据报导，Zuckerberg 在 2023 年、ChatGPT 加剧 AI 竞赛之后开始推动这个专案，并亲自就此游说 Trump、Mike Johnson 和 Jeff Landry。
文章称，Meta 花了很多个月把土地、电力和融资整合到位，因为最大的成本将是资料中心内的 AI 晶片，每 1 gigawatt 的运算能力成本高达数百亿美元。Meta 为这些晶片争取到了销售税豁免，并谈成一种租赁结构，让它每 4 年可以退出一次，这意味著它可以决定是否再投资数十亿美元以维持园区竞争力，或者直接放弃。这篇报导基于与 100 多人的对话，并把这个专案描绘成一场地方经济赌注，同时也是对 Meta 是否愿意持续以极端规模烧钱的考验。
文章认为，2000 亿美元很可能只是支出下限，因为要让这样庞大的园区多年保持在前沿，最终价格还会更高。投资者越来越不安：Meta 最近预估今年的资本支出最高可达 1450 亿美元，而公司将开始裁减 10% 的员工，Evercore 估计这可节省约 30 亿美元，远低于 AI 支出的规模。核心疑问在于，这些裁员或许能向华尔街传递纪律讯号，但它们并不能实质抵消 Hyperion 的成本，也无法回答 Meta 是否能从路易斯安那州站点以及未来的 AI 基础设施中获得足够回报，以证明这些押注的合理性。
Meta is building a roughly $200 billion AI data center campus in Richland Parish, Louisiana, on nearly 4,000 acres of rural land, with President Donald Trump saying it could scale toward the size of Manhattan. The project, called Hyperion by Mark Zuckerberg, is being financed with about $27 billion from Wall Street giants and will require major new energy infrastructure from Entergy Louisiana, which plans 10 gas-fired plants to supply 5 gigawatts for computing and another 2.5 gigawatts for the wider campus. Zuckerberg reportedly began pushing the project in 2023, after ChatGPT intensified the AI race, and has personally lobbied Trump, Mike Johnson, and Jeff Landry about it.
The article says Meta assembled the land, power, and financing over many months because the biggest cost will be the AI chips inside the center, with each gigawatt of computing power costing tens of billions of dollars. Meta won a sales-tax exemption on those chips and negotiated a lease structure that gives it an exit every 4 years, meaning it can decide whether to invest billions more to keep the campus competitive or walk away. The reporting is based on conversations with more than 100 people and frames the project as both a local economic gamble and a test of Meta’s willingness to keep spending at extreme scale.
The article argues that $200 billion is likely only a spending floor, because keeping a campus this large at the frontier for years would push the final price higher. Investors are increasingly uneasy: Meta recently projected as much as $145 billion in capital expenditures this year, and the company will start cutting 10% of its workforce, which Evercore estimates will save about $3 billion, far less than the scale of the AI outlays. The core caveat is that these layoffs may signal discipline to Wall Street, but they do not materially offset the costs of Hyperion or answer whether Meta can generate enough returns from the Louisiana site and future AI infrastructure to justify the bets.