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BlackRock to control majority of Meta's AI data center in El Paso
BlackRock will own 80% of Meta's $14 billion AI data center project in El Paso, Texas, with Meta contributing land and construction assets valued at approximately $2.3 billion. The partnership signals a shift in how Big Tech finances AI infrastructure, with BlackRock-funded investments playing a significant role. The project is one of the largest AI data center campuses in the U.S. and reflects increased financial involvement in the AI infrastructure sector.
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