Meta and BlackRock Form $14B AI Data Center Venture
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Insights by Echo AI
Meta and BlackRock have formed a $14 billion joint venture to build and operate a 1 gigawatt data center campus in El Paso, Texas. Meta will be the sole initial tenant, using the capacity to support AI-model development and enhancements to its core business. The venture expects to begin bringing the capacity online in 2028. Funds managed by BlackRock will own 80% of the venture, while Meta will retain 20%. The project is expected to support over 4,000 peak construction jobs and 300 permanent roles.
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$META & BLACKROCK FORM $14B VENTURE FOR 1GW TEXAS DATA CENTER Meta wi...
Meta and BlackRock form a strategic venture to develop a 1GW data cent...
BlackRock vstupuje do AI infrastruktury. S Metou financuje datovďż˝ ce...
Meta and BlackRock are forming a $14 billion joint venture to build a...
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