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Meta Seeks $29bn From Private Credit Giants to Fund AI Data Centres
UNITED STATES, JUN 26 – Meta aims to acquire PlayAI’s voice technology and raise $29 billion from private investors to build US AI data centers amid fierce competition with OpenAI and Google.
- Meta is seeking to raise $29 billion from private credit firms to fund its AI data center and superintelligence initiatives.
- This funding drive follows Meta's increased capital expenditure estimates to $72 billion this year amid a competitive AI infrastructure race with Amazon and OpenAI.
- Meta has committed $14.3 billion to Scale AI, brought on its founder and CEO Alexandr Wang—previously affiliated with OpenAI—and is in talks to acquire PlayAI, a startup focused on AI-driven voice cloning technology.
- Meta reportedly offers compensation packages reaching $100 million to top AI researchers and aims to incorporate voice cloning tech to enhance AI bots with more lifelike interactions.
- These moves position Meta to advance its AI capabilities significantly, though the success of AI bots resembling celebrities remains uncertain and some acquisitions remain unfinalized.
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39 Articles
39 Articles
Meta's Bold $29BN AI Data Centre Investment Plan
Meta Platforms Inc. seeks to secure $29 billion from major private credit firms to invest in AI data centers. The company plans to raise $3 billion in equity and $26 billion in debt. Leading financial players like Apollo, Brookfield, and PIMCO are reportedly in talks with Meta.
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Coverage Details
Total News Sources39
Leaning Left3Leaning Right1Center7Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 27%
C 64%
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