What happened
Meta and BlackRock have established a $14 billion joint venture focused on AI data centers. The deal brings in external capital to help construct and manage physical facilities for AI workloads. This structure lets Meta expand its infrastructure footprint while sharing the upfront costs.
The context
Running advanced AI models requires vast data center capacity and specialized hardware. By partnering with major financial institutions like BlackRock, big tech firms can keep expanding their computing capacity without funding every project directly from their own balance sheets.
Sources
- Yahoo Finance ↗ via Google News Reported