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AI News from ET - Meta seeks $29 billion from private capital firms for AI data centres: Financial Times

Vishwadeep Khatri
in AI News & Two Lenses

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Meta Platforms is seeking $29 billion from private capital firms to fund US AI data centres, aiming to raise $3 billion in equity and $26 billion in debt. The move supports Meta's intensified AI push, amid rising competition with OpenAI and Google and growing demand for high-performance computing infrastructure.

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