Meta and BlackRock Commit $14B to One of the Largest AI Data Centers

• Meta and BlackRock are sharing costs to accelerate AI infrastructure growth.
• The Texas AI campus reflects a new model for financing massive data centers.
• Meta is expanding AI capacity without bearing the full construction cost.

Meta Platforms and BlackRock are investing $14 billion to build an artificial intelligence data center in Texas, one of the largest infrastructure partnerships aimed at meeting growing demand for AI computing.

Under the agreement announced Tuesday, BlackRock-managed funds will own 80% of the project, while Meta will lease the entire 1-gigawatt campus after it is completed in 2028.

Meta will contribute land and other assets already under development, while BlackRock will fund the remaining construction through a mix of cash and debt. The structure allows Meta to expand its AI computing capacity without carrying the full cost of the proj…

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