'Meta, Pembina may be near deal on Alberta AI data center'

 Meta Platforms, Inc. and Pembina Pipeline Corp. are supposedly close to an agreement on building an artificial intelligence data center in Alberta, the Logic reported on Friday.

According to the media platform, which cited sources with knowledge of the matter, the Canadian energy infrastructure company will partner with Kineticor, another Canadian-based firm that operates power generation facilities, in order to provide natural gas-fired electricity. Moreover, the Logic also disclosed that a definitive framework is still under discussion, but that the regulatory parts of the agreement, if reached, could be announced later in the day.

Pembina's shares jumped by 5.54% during trading hours at 2:22 pm ET, following the release of the report.

https://breakingthenews.net/Article/Meta-Pembina-may-be-near-deal-on-Alberta-AI-data-center/64924605