Reported about 10 hours ago
Meta has entered a $27 billion financing agreement with Blue Owl Capital to fund its largest global data center project in Louisiana, crucial for supporting large AI models. The Hyperion center aims to deliver over 2 gigawatts of computing power, with Meta retaining about 20% equity. The deal involves Blue Owl investing approximately $7 billion and Meta receiving a $3 billion payout, creating over 500 jobs once operational. Major tech companies are projected to spend $400 billion on AI infrastructure this year.
Source: YAHOO