Meta in Talks to Raise $35 Billion for Data-Center Financing Led by Apollo
Meta Platforms Inc. is in talks with alternative asset managers to secure a roughly $35 billion financing package to help develop data centers in the US, according to people familiar with the matter. The funding would support Meta's ambitious plans to build out its infrastructure and bring about a gigawatt of computing power online by 2025. If successful, the deal would be one of the largest financing packages for a tech company in recent years.
- This massive investment highlights the critical role that data centers will play in enabling AI-driven innovation, raising important questions about the responsible development and deployment of these technologies.
- How will the use of private funding to support Meta's data center expansion impact the broader conversation around public-private partnerships in the tech industry?