Facebook owner Meta Platforms has appointed former U.S. President Donald Trump advisor Dina Powell McCormick to the position of president and vice chairman of the board of directors. Meta has created this position specifically for Powell McCormick, where she will focus on working with governments and investors on artificial intelligence, Bloomberg explains .
The new top manager served on Meta's board of directors for eight months before unexpectedly leaving the position in December. She will now oversee the company's overall strategy, focusing on the development of AI infrastructure, according to a press release. She also serves on the board of ExxonMobil, and previously held senior positions at Goldman Sachs for many years. "Dina's senior-level experience in the world of global finance and her extensive global connections make her a unique candidate to help guide Meta through its next phase of growth," CEO Mark Zuckerberg said.
Powell McCormick has longstanding ties to the Trump administration, Bloomberg notes. During his first term, she was deputy national security adviser, and before that worked in the George W. Bush Jr. administration. Her husband is Republican Senator Dave McCormick of Pennsylvania.
Following the announcement of the appointment, Trump congratulated Powell McCormick in a post on the Truth Social platform, saying, "She is a wonderful and very talented person who has shown herself to be a strong and outstanding member of the administration."
Meta is counting on external financing for large-scale plans to build data centers and promote AI technologies, Bloomberg explains. And the Trump administration has recently paid increased attention to infrastructure projects in the United States, the agency recalls. In the coming years, the tech giant is going to invest up to $600 billion in infrastructure. It is building several powerful data centers across the country, including a 5-gigawatt facility in Louisiana, whose cost, according to Trump, will be $50 billion and whose size will be comparable to Manhattan, Zuckerberg claimed. And last week, Meta announced partnerships with energy companies that will make it one of the largest corporate buyers of nuclear power in the world.
This article was AI-translated and verified by a human editor
