Meta eyes raising $29B to fund AI data center push, FT reports

Meta (META) is eyeing raising $29B to fund its major push into AI, turning to private capital firms to finance its data center expansion in the U.S., the Financial Times’ Eric Platt, Oliver Barnes, and Hannah Murphy report. Discussions between the social media giant and private credit investors have advanced, with major players including Apollo (APO), KKR (KKR), Brookfield (BAM), Carlyle (CG), and Pimco involved in the talks, the authors say, citing people familiar with the matter. Meta is seeking to raise $3B of equity from these firms and then an additional $26B of debt, the authors note.