Facebook parent Meta Platforms has signed a deal to pay Gorilla Glass maker Corning up to $6 billion for fiber-optic cables for its AI data centers, CNBC reported on Tuesday.
Shares of Corning jumped more than 7% in premarket trading, while Meta gained marginally. Both the companies did not immediately respond to Reuters requests for comment.
Meta has been spending aggressively on building out data center infrastructure as it races to roll out competitive AI technologies.
Earlier this month, the company announced its "Meta Compute" initiative to expand its AI infrastructure and oversee its global fleet of data centers and supplier partnerships.
Shares of Corning jumped more than 7% in premarket trading, while Meta gained marginally. Both the companies did not immediately respond to Reuters requests for comment.
Meta has been spending aggressively on building out data center infrastructure as it races to roll out competitive AI technologies.
Earlier this month, the company announced its "Meta Compute" initiative to expand its AI infrastructure and oversee its global fleet of data centers and supplier partnerships.
