Science & Technology

Meta Reportedly Plans to Raise $35 Billion to Develop Data Centers

The media has published information according to which Meta is currently in talks to raise $35 billion for the development of data centers in the United States.

Meta Reportedly Plans to Raise $35 Billion to Develop Data Centers

Currently, the mentioned negotiations are at the initial stage. This means that so far there is no guarantee that the final deal will be concluded within the framework of the technology giant’s intentions to receive funds to finance the development of data centers. The relevant information was published by the media last Thursday, February 27, with reference to anonymous insiders who are aware of the negotiation process.

Meta did not respond to a request for comment on the insider information.

It’s worth mentioning that last month the technology giant stated plans to invest between $60 billion and $65 billion in capital expenditures and significantly increase its artificial intelligence teams in the current year.

In January, Meta chief executive officer Mark Zuckerberg published a post on the social media platform Facebook in which he said that the mentioned infrastructure would power the company’s efforts in the area of machine intelligence and noted that 2025 will be a defining year for digital intelligence. It was also noted that the technology giant will bring online 1 gigawatt of compute and will have more than 1.3 million graphics processing units by the end of the year.

Meta, Google, Microsoft, and Amazon have announced that collectively, these companies plan to spend at least $315 billion on capital expenditures in 2025, most of which are intended for the artificial intelligence industry.

As we have reported earlier, Meta Plans Investments Into AI-Driven Humanoid Robots.

Serhii Mikhailov

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Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.