BlackRock to Own 80% of Meta's New AI Data Center in El Paso

BlackRock is set to acquire an 80% stake in Meta's new massive AI data center located in El Paso, following a significant drop in Meta's stock earlier this year due to increased capital spending on AI infrastructure.

28 Jul, 13:53 — 28 Jul, 13:53

Post Share

Sources

Showing 1 of 1 sources

forbes20d ago

BlackRock Will Own 80% Of Meta's Massive New AI Data Center In El Paso

Meta stock plummeted almost 10% earlier this year—wiping $175 billion from its market cap—after the company hiked its expected capital spending for AI infrastructure.

By Mary Whitfill Roeloffs, Forbes Staff

Read full article →

PERSPECTA

PERSPECTA

BlackRock to Own 80% of Meta's New AI Data Center in El Paso

Sources

BlackRock Will Own 80% Of Meta's Massive New AI Data Center In El Paso

Related Stories

Rocket Lab Secures Spot on Space Force Contract, Viasat Selects for GEO Satellite

Meta Faces Landmark Trial Over Social Media Addiction in Children

Anthropic's Annual Revenue Run Rate Exceeds $65 Billion

Google Acquires Spirit Airlines Business Data for $10 Million to Enhance AI

PERSPECTA