Meta Reportedly Seeks $29B for AI Data Center Expansion

Meta Platforms is seeking to raise approximately $29 billion through a combination of $3 billion in equity and $26 billion in debt to fund the construction of new AI-focused data centers, with discussions ongoing with major investment firms including Apollo Global Management, KKR, Brookfield, Carlyle, and Pimco. This funding supports Meta's broader $65 billion investment plan in AI infrastructure for 2025, reflecting the company’s commitment to advancing AI capabilities and maintaining competitiveness amid an industry-wide race for AI data center capacity. Meta is also enhancing its AI talent pool by recruiting top researchers from competitors like OpenAI and securing renewable energy sources to power these facilities efficiently. The company is currently building a multibillion-dollar data center complex in Louisiana, which is expected to host multiple facilities and accommodate significant AI workloads. Meta's aggressive expansion in AI infrastructure mirrors similar moves by competitors such as Amazon and OpenAI, who are also investing heavily in large-scale AI data centers. Despite these investments, Meta faces scrutiny following delays and controversies related to its AI model releases, underscoring the high stakes and rapid evolution in the AI sector.