Meta is reportedly building a $10 billion underwater cable that will circle the globe
Source: msn/Business Insider
12h
Meta is reportedly planning to build a fiber-optic underwater cable that would traverse the globe, TechCrunch reported. Sources close to Meta, which owns Facebook, Instagram, and WhatsApp, said the company may spend over $10 billion on a nearly 25,000-mile project. Meta would reportedly own 100% of the cable's capacity, per TechCrunch. It's unclear what role, if any, AI plays in the project's motivations.
TechCrunch reported the project is in its early stages, but the intended capacity and route are not public. Planning is reportedly being led by Meta's South Africa office. Underwater fiber-optic cables are frequently used to carry telecommunication signals over large areas of water. Meta is part owner of various cables including 2Africa, a submarine telecommunications cable extending across Africa's coastline.
oogle is the sole owner of 17 submarine cable holdings, while Amazon and Microsoft are part owners in a handful, telecom analyst Teleography found.
Entrepreneur Sunil Tagare first reported the plan, telling TechCrunch that the cable would cost $2 billion but would jump to over $10 billion in the next five to 10 years. Tagare told TechCrunch that he speculates India's capacity to build data centers more cheaply than the US could explain why the cable may end in India.
Read more: https://www.msn.com/en-us/money/other/meta-is-reportedly-building-a-10-billion-underwater-cable-that-will-circle-the-globe/ar-AA1v0hAq
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... what will the "flat Earth" folks think?
