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Meta in talks to raise $35 billion for data-center financing led by Apollo

Economic Times · 3m

Apollo Global Management is negotiating a $35 billion financing package for Meta Platforms' US data centers. KKR & Co. is also involved. Discussions are preliminary, and completion isn't guaranteed. Alternative asset managers, including Apollo, have prior similar engagements. Meta aims for up to $65 billion AI-related investments, including a new data center, as stated by CEO Mark Zuckerberg. With rising AI demand, there's a significant need for infrastructure investments. Meta targets a gigawatt computing power by 2025.