Reported 3 days ago
Meta is collaborating with PIMCO and Blue Owl Capital to finance a $29 billion expansion of its data centers in Louisiana. PIMCO will manage $26 billion of debt, primarily through bonds, while Blue Owl will invest $3 billion in equity. This initiative supports Meta's efforts to develop AI infrastructure, with plans to build major data centers expected to generate substantial computing power for its AI projects.
Source: YAHOO