Meta seeks $13 billion for El Paso data center project
Meta Platforms is reportedly planning a $13 billion financing package for an El Paso data center. Morgan Stanley and JPMorgan Chase are leading the deal.
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META PLATFORMS INC-CLASS A is arranging a $13 billion financing package for a data center in El Paso, Texas. The deal, led by MORGAN STANLEY and JPMORGAN CHASE & CO, marks a major infrastructure push in the United_States. This capital injection underscores the escalating costs of scaling artificial intelligence infrastructure for global tech leaders.
