News

As electric bills rise across the US, evidence mounts that data centers share blame. States feel pressure to act
Some data centers could require more electricity than cities the size of Pittsburgh, Cleveland or New Orleans, and make huge ...
Meta Taps PIMCO, Blue Owl For $29 Billion Louisiana Data Center Buildout As AI Infrastructure Race Heats Up
Meta is partnering with PIMCO and Blue Owl to raise $29 billion for its data center expansion, with PIMCO handling debt and ...
Meta And Microsoft Are Betting Big On AI — So Is The C-Suite
Like Meta and Microsoft, CxOs are fast-tracking artificial intelligence not as a future play, but as a present-day growth ...
Meta Platforms’ AI Bet: Visionary Leap or Reality Labs Repeat?
Playing the Long Game or Just Another Money Pit? Meta Platforms (NASDAQ:META) delivered a stellar second-quarter earnings ...
Meta’s deal marks key moment for private credit
“Private credit has been itching to get into this space,” said John Medina, senior vice-president on the global project and infrastructure finance team at Moody’s Ratings. “This deal is one of the ...
The Business Times1d
Meta’s US$29 billion deal marks pivotal moment for private credit
LOS ANGELES] The heavy hitters of private credit have been waiting for this moment for years. Read more at The Business Times ...
Meta Picks Pimco, Blue Owl for $29B Data Center Deal
Meta Platforms Inc. has selected Pacific Investment Management Co. and Blue Owl Capital Inc. to lead a $29 billion financing ...
Bisnow2d
Pimco, Blue Owl To Lead $29B Data Center Financing Deal For Meta
Pacific Investment Management Co. and Blue Owl Capital will partner on the $29B financing deal for the social media company's data center expansion in the state, Bloomberg reported Thursday. As part ...