Reported 13 days ago
Meta Platforms is poised to finalize a financing agreement worth nearly $30 billion for a data center in rural Louisiana, marking the largest private capital deal to date. The company, alongside Blue Owl Capital, will co-own the Hyperion site, while Morgan Stanley orchestrated the financing package. Meta will oversee the project's development, set to be completed by 2029, as it expands its AI infrastructure capabilities.
Source: YAHOO