Meta Platforms, the parent company of Facebook, is in advanced discussions to raise a staggering $29 billion in capital as it ramps up its push into artificial intelligence infrastructure. The funding is reportedly split between $3 billion in equity and $26 billion in debt, with private credit powerhouses like Apollo Global Management, KKR, Brookfield, Carlyle, and PIMCO involved in the talks.
The financing, which Meta is arranging with the help of Morgan Stanley, is aimed at building next-generation AI data centers across the U.S. The move reflects the company’s growing urgency to scale up its AI capabilities and compete with rivals like OpenAI and Google.
Meta CEO Mark Zuckerberg has been clear about the company’s AI-first direction, with spending plans reaching up to $65 billion this year. Recent investments include a $14.8 billion commitment to Scale AI, highlighting Meta’s belief that data and infrastructure will define future AI leadership.
This initiative mirrors a broader trend in tech. Microsoft, for instance, is allocating $80 billion in capital expenditures for fiscal 2025—largely for expanding AI-related data centers. Meta’s financing strategy includes exploring options to make the debt more tradeable, a sign of the evolving complexity of tech infrastructure funding.
The AI arms race is well underway—and Meta is betting big to stay ahead.
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