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

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forbes34d 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

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

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

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