Meta Platforms is reportedly in advanced talks with major private credit firms to secure $29 billion in funding to build AI-focused data centers across the United States, according to the Financial Times. The tech giant is said to be working with firms including Apollo Global Management, KKR, Brookfield, Carlyle, and PIMCO, aiming to raise $3 billion in equity and $26 billion in debt.
The fundraising effort aligns with Meta’s aggressive push into artificial intelligence. Earlier this year, the company committed nearly $15 billion to Scale AI and is projected to spend up to $65 billion in 2025 to expand its AI infrastructure. This move comes as Meta competes with industry leaders like OpenAI and Google in the race to dominate AI technologies.
The company, with Morgan Stanley as adviser, is evaluating various structures for the debt component to improve its tradability. While Meta and Carlyle declined to comment, the other firms have yet to respond.
This initiative reflects a broader industry trend, with tech giants like Microsoft planning massive capital expenditures — Microsoft is set to spend $80 billion in fiscal 2025 — largely directed at building high-capacity data centers to meet rising AI demands.
Bloomberg previously reported that Apollo was considering leading a $35 billion funding round to support Meta’s U.S. data center expansion.
Source: Reuters
