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Meta selects Pimco, Blue Owl for $29 billion data centre financing: Bloomberg - The Economic Times

Economic Times

Economic Times · 2m ago

Meta selects Pimco, Blue Owl for $29 billion data centre financing: Bloomberg - The Economic Times

Meta has selected investment firms Pimco and Blue Owl Capital for a $29 billion financing deal to support AI data centre projects in Louisiana. Pimco will manage $26 billion in debt, likely issued as bonds, while Blue Owl will contribute $3 billion in equity. This investment is part of Meta's significant push into developing AI infrastructure, with CEO Mark Zuckerberg focusing on building extensive AI data centres for advancements in their superintelligence unit.

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How Pimco outmaneuvered Apollo, KKR to win $29 billion Meta deal - The Economic Times

Economic Times

Economic Times · 1m ago

How Pimco outmaneuvered Apollo, KKR to win $29 billion Meta deal - The Economic Times

Pimco and Blue Owl secured a $29 billion private credit deal arranged by Morgan Stanley for Meta's AI data center project in Louisiana, beating Apollo Global Management and KKR. This significant financing arrangement, driven by AI infrastructure demands, shows the evolving role of private capital in funding such large projects. Pimco will underwrite part of the debt, while Blue Owl contributes equity. This strategy offers Meta flexibility and financial advantages over traditional public market financing.

Meta's planned Louisiana AI data centre to cost $50 billion: Donald Trump - The Economic Times

Economic Times

Economic Times · 1m ago

Meta's planned Louisiana AI data centre to cost $50 billion: Donald Trump - The Economic Times

Meta is constructing a $50 billion AI data center in Louisiana to support advanced digital infrastructure, financed by PIMCO and Blue Owl Capital. The project marks a significant AI push by CEO Mark Zuckerberg through Superintelligence Labs, despite recent setbacks. President Trump mentioned this development, but Meta declined to comment on the cost. The company plans to invest heavily in AI data centers, despite challenges with its Llama 4 model and organizational changes.

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

Economic Times

Economic Times · 3m ago

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

Meta Platforms is aiming to raise $29 billion from private capital firms to fund AI data centers in the U.S., including $3 billion in equity and $26 billion in debt. This initiative supports Meta's AI advancements amid competition with OpenAI and Google. The company is in discussions with investors like Apollo Global Management and Morgan Stanley advises on the financing. The investment responds to the growing demand for specialized data centers for AI infrastructure.

Third-party data centre capacity projected to reach 2,500 MW by FY28: Icra - The Economic Times

Economic Times

Economic Times · 16d ago

Third-party data centre capacity projected to reach 2,500 MW by FY28: Icra - The Economic Times

India's digital infrastructure is set for major growth. Data centre capacity will double by fiscal year 2028. Investments of approximately Rs 90,000 crore will drive this expansion. Mumbai leads in data centre operations. A proposed tax exemption policy could further boost growth. Edge data centres are gaining importance. Renewable energy use is also increasing among data centre operators.

Meta hires two Apple AI researchers after poaching their boss: Bloomberg - The Economic Times

Economic Times

Economic Times · 2m ago

Meta hires two Apple AI researchers after poaching their boss: Bloomberg - The Economic Times

Meta has hired Apple AI researchers Mark Lee and Tom Gunter for its Superintelligence Labs team, according to Bloomberg. Lee has already joined Meta, while Gunter is expected to start soon. This move follows Meta's previous hiring of their boss, reportedly aimed at bolstering its AI research capabilities. The recruitment underscores Meta's focus on enhancing its technological advancements by attracting top talent from competitors.

MeitY jumpstarts talks on data centre policy to boost capacity - The Economic Times

Economic Times

Economic Times · 2m ago

MeitY jumpstarts talks on data centre policy to boost capacity - The Economic Times

The Indian government, via the Ministry of Electronics and Information Technology, is revisiting its national data centre policy to boost investment, capacity, and distribution of data centres across the country. The policy aims to streamline approvals, promote domestic manufacturing, and offer incentives. It plans to integrate elements from state policies and establish Data Centre Economic Zones (DCEZs). Despite existing policies, most data centres remain concentrated in major metros, and permissions remain complex to secure.

CIMware raises $2.3 m in round led by Transition VC - The Economic Times

Economic Times

Economic Times · 3m ago

CIMware raises $2.3 m in round led by Transition VC - The Economic Times

CIMware, a Bengaluru-based data centre infrastructure startup, raised $2.3 million in a funding round led by Transition VC. The investment will be used to develop a networking smart switch, expand the software team, and cover operational costs. CIMware aims to increase data centre capacity using memory-based connection technology. It plans to focus on direct sales in India and the US, targeting revenue of $175 million by 2026–27, and aims to strengthen its presence in AI-focused data centres.

UP CM lays foundation of CEL-ESDS green data centre entailing Rs 1,000 crore investment - The Economic Times

Economic Times

Economic Times · 3m ago

UP CM lays foundation of CEL-ESDS green data centre entailing Rs 1,000 crore investment - The Economic Times

Uttar Pradesh Chief Minister Yogi Adityanath laid the foundation of the CEL-ESDS Green Data Centre, a first-of-its-kind initiative in India, with a 30 MW capacity. Located in Sahibabad, it involves a Rs 1,000 crore investment by Centre of Electronics and ESDS. The data centre aims for Tier 3 compliance, ensuring minimal downtime. The project represents a significant collaboration with the private sector, reflecting CEL’s potential for contributing to a developed India.

Meta defends ads model in €550 million data protection trial - The Economic Times

Economic Times

Economic Times · 10d ago

Meta defends ads model in €550 million data protection trial - The Economic Times

Meta is defending its advertising model in a €550-million trial in Spain against claims from over 80 media organizations. The lawsuit alleges Meta breached EU data protection rules and created unfair competition by using data for personalized ads without consent. Meta denies these allegations, asserting compliance with applicable laws, and emphasizes the importance of algorithms over data in ad targeting. The trial, highlighting significant implications for global media, is set to conclude soon.

Mumbai tops India's data centre capacity, surpassing 4 GW milestone: Report - The Economic Times

Economic Times

Economic Times · 22d ago

Mumbai tops India's data centre capacity, surpassing 4 GW milestone: Report - The Economic Times

Mumbai has become India's leading data centre hub, contributing 40% of the country's total capacity and 44% of its operational IT capacity. In the first half of 2025, Mumbai surpassed the 4 GW milestone, driven by strategic advantages and investments in infrastructure. The growth aligns with India's overall data centre market expansion, supported by high-capacity projects and attracting global investments, positioning Mumbai as South Asia's digital gateway for cloud and AI services.

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