Meta reportedly seeking $29 billion for data center construction
Meta is looking to raise a total of $29 billion to pay for its gargantuan AI data center plans, according to a new report from the Financial Times. The company is looking to raise $26 billion in debt and $3 billion in equity from firms including Apollo Global Management, KKR, Brookfield, Carlyle, and Pimco as it seeks to stay competitive in the AI race.
Meta recently delayed the release of the largest version of its flagship Llama 4 AI model, and rankled the AI community with controversial test scores for the smaller releases.
Meta CEO Mark Zuckerberg is deeply involved in personally recruiting a new team of AI all-stars to unlock “superintelligence” by poaching top researchers from competitors like OpenAI, reportedly with $100 million starting offers.
The company has upped its estimates for capex spending this year to $72 billion due to tariffs and bigger plans.
Meta’s competitors are in a feverish race to build massive AI data centers amid rapid breakthroughs in efficiency that could lead to a glut of AI data center capacity. Amazon is building 30 huge data centers in Indiana to provide computing resources for its parter Anthropic, and OpenAI’s massive Stargate project is currently under construction in Texas.
Meta recently delayed the release of the largest version of its flagship Llama 4 AI model, and rankled the AI community with controversial test scores for the smaller releases.
Meta CEO Mark Zuckerberg is deeply involved in personally recruiting a new team of AI all-stars to unlock “superintelligence” by poaching top researchers from competitors like OpenAI, reportedly with $100 million starting offers.
The company has upped its estimates for capex spending this year to $72 billion due to tariffs and bigger plans.
Meta’s competitors are in a feverish race to build massive AI data centers amid rapid breakthroughs in efficiency that could lead to a glut of AI data center capacity. Amazon is building 30 huge data centers in Indiana to provide computing resources for its parter Anthropic, and OpenAI’s massive Stargate project is currently under construction in Texas.
