Athira Sethu
Kochi, 28 June 2025
Meta Platforms, the Facebook parent firm, is attempting to raise $29 billion to construct artificial intelligence (AI) data centres in the United States. Meta is negotiating with large private investment companies to secure this funding, according to a report by the Financial Times.
The companies that Meta has been in talks with include Apollo Global Management, KKR, Brookfield, Carlyle, and PIMCO. Meta is expecting to receive $3 billion in equity (investment capital) and $26 billion in loans (borrowing). They are yet to determine the optimal method of raising the debt and may even attempt to raise more capital later on.
Meta is having the giant financial institution Morgan Stanley assist in financing arrangements. They are also exploring how to make the debt more marketable or tradable in the future.
Meta is raising this capital when it is investing heavily in AI. Earlier, Meta had invested $14.8 billion in an AI company called Scale AI. In January, Meta CEO Mark Zuckerberg indicated that the company would be spending as much as $65 billion this year to develop and expand its AI systems. This will enable Meta to compete with other large tech companies such as Google and OpenAI.
Big technology firms require a lot of computing power to execute AI software. This entails them requiring powerful data centres that can link numerous computer chips and operate quickly. Meta, Microsoft, Google, and others are competing to construct such centers.
For instance, Microsoft announced that it would spend $80 billion in 2025, primarily to expand its data centres for AI offerings.
In early this year, Bloomberg News said that Apollo Global Management could be heading another large loan transaction of about $35 billion to support Meta with its U.S. data centre plans.
