Meta, BlackRock Team on $14B El Paso AI Data Center
Meta and BlackRock unveiled a $14 billion joint venture for a 1-gigawatt El Paso AI data center, financed by a $12B bond sale kept off Meta’s balance sheet.
meta platforms
Meta Pops 10% on Cloud Push; CoreWeave, Nebius Sink 13%
Meta jumped nearly 10% on July 1 after reports it will sell excess AI compute to enterprises, sending CoreWeave and Nebius down 13% on hyperscaler-lite fears.