AI
Meta seeks $29 billion from private capital firms for AI data centres: Financial Times
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Meta Platforms is seeking to raise $29 billion from private capital firms to build artificial intelligence data centres in the U.S., the Financial Times reported on Friday.
The Facebook-parent has advanced discussions with private credit investors including Apollo Global Management, KKR , Brookfield , Carlyle and PIMCO, the report said, citing people familiar with the matter.
Meta is looking to raise $3 billion in equity and $26 billion in debt, the report said, adding that the company is debating how to structure the debt raising and may also seek to…
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