The project faces challenges such as a limited number of companies capable of constructing the network and the high demand for their services. The undersea cables are crucial for high-speed data transfer, essential for video streaming, cloud computing, and financial transactions. Over the past decade, tech giants' use of international cable capacity has increased from 10% to 71%, highlighting the growing importance of these undersea cables in the connected economy.
Key takeaways:
- Meta is reportedly investing in a 24,000-mile undersea fiber optic cable network to support its internet infrastructure, with an estimated cost of $10 billion.
- The company is the second-biggest driver of internet use globally, with its social networks making up 10% of fixed and 22% of mobile traffic.
- Meta will be the sole owner and user of the cable, marking a significant milestone for the company's infrastructure efforts.
- Despite challenges such as limited resources and competition from other tech giants like Google, Meta's investment in the undersea cables is seen as essential for the high-speed transfer of data necessary for various online activities.