Meta and BlackRock Partner on AI-Focused Data Center Campus in Texas
Meta (ticker: META) has announced a strategic partnership with asset management firm BlackRock to develop an AI-focused data center campus located in El Paso, Texas. The facility is already under construction and will feature one gigawatt of compute capacity, playing a key role in advancing Meta's artificial intelligence initiatives. BlackRock holds the majority stake at 80%, while Meta owns 20%. The project is expected to be operational by 2028. This collaboration highlights growing investments in AI infrastructure and signals increased demand for high-performance computing resources across major tech firms.
Topics: AI BlackRock data centers Meta (Facebook) partnership