Meta and BlackRock Team Up on El Paso Data Center Campus
Meta said July 28 that it will develop a data center campus in El Paso, Texas, with funds managed by BlackRock, a structure that lets the social media giant build…
BlackRock Raises $12.3 Billion for Meta’s Data Centers
BlackRock’s capital markets unit launched a $12.3 billion bond sale on July 24 to finance Meta’s data center buildout, one of the largest single financing packages for data center infrastructure…
Meta Quits RE100, Turns to Gas for AI Power
Meta has left RE100, the global coalition of companies pledged to buy only renewable electricity, and plans to build a 7.5-gigawatt natural gas power facility in Louisiana to feed its…
AI Infrastructure Spending Accelerates, and Investors Ask When Profits Arrive
The money keeps flowing. BlackRock, Google, Microsoft and a handful of other giants are pouring trillions of dollars into AI infrastructure — data centers, chips, power, networks — according to…
BlackRock, Nvidia and Temasek Put Billions Into Quantum Computing
Three of the biggest names in global capital are betting that quantum computing is ready for industry. BlackRock, the world’s largest asset manager, Nvidia, the dominant maker of AI chips,…
