The deal represents the Artificial Intelligence Infrastructure Partnership’s first investment, as it joins Global Infrastructure Partners and UAE tech investment firm MGX in acquiring the data center ...

Meta and BlackRock's $14B, 1-gigawatt El Paso data center faces partial insurance coverage as mega AI infrastructure outpaces ...

Meta Platforms (META) (META:CA)and BlackRock (BLK) joint venture to finance the development and operation of a 1-gigawatt ...

Meta Platforms Inc. and BlackRock Inc. plan to build a 1-gigawatt data center complex in Texas that will cost about $14 billion to develop, adding to a wave of investment in the computing hubs that ...

The $14 billion development costs don’t include the cutting-edge chips required to power AI models. A 1GW data center typically costs $35 billion to $50 billion. Meta & BlackRock building $14B Texas ...

A consortium backed by BlackRock and Abu Dhabi-based fund MGX has closed the $40 billion acquisition of Dallas-based Aligned Data Centers.

Meta and BlackRock are partnering on a $14 billion AI data center campus in Texas, signaling a new financing model for large-scale AI infrastructure.

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.

Today’s announcement that a group of investors led by BlackRock has agreed to buy Aligned Data Centers in a $40 billion deal underscores the seemingly unstoppable flow of money into AI data ...

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BlackRock's GIP and the AI Infrastructure Partnership signed an MOU with NABTU to pipeline skilled construction workers into ...

The announcement comes as data center projects face mounting opposition from communities concerned about the massive developments and broader societal worries ...