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Meta in $27 billion financing deal with Blue Owl Capital for Louisiana data center
- On Tuesday, Meta formed a $27 billion joint venture with Blue Owl Capital to fund the Hyperion data center in Richland Parish, Louisiana, marking its largest private capital deal.
- Faced with fierce industry competition, Meta reshuffled its AI operations under Superintelligence Labs after senior departures and a poor reception for Llama 4, amid heavy AI spending this year.
- Funds managed by Blue Owl contributed roughly $7 billion, Meta retained a 20% stake, and the Hyperion site spans roughly 1,700 football fields, with leases for over 500 jobs.
- Meta finance chief Susan Li called the deal `a bold step forward`, while Doug Ostrover and Marc Lipschultz described Hyperion as `an ambitious project` providing Meta the speed and flexibility for long-term AI goals.
- Amid a broader industry buildout, major tech companies plan $400 billion AI infrastructure spending this year, alongside the $500 billion Stargate joint venture and Google's $15 billion project last week.
39 Articles
39 Articles
Meta has reached a $27 billion financing deal with Blue Owl Capital to finance its largest data center project globally, as big tech companies rush to build the infrastructure needed to power their artificial intelligence ambitions. Tuesday’s announcement marks Meta’s largest private equity deal ever, the Telegraph reports. Meta will hold about 20% of the equity in the Louisiana project, with the majority owned by funds that alternative asset ma…
Meta in US$27 billion financing deal with Blue Owl Capital for Louisiana data centre
BENGALURU: Meta has struck a US$27 billion financing deal with Blue Owl Capital to fund its biggest data centre project globally, as large technology companies race to build out the infrastructure needed to power their artificial intelligence ambitions.
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