Meta seeks to raise $29 billion, fully betting on the construction of AI data centers.

Jin10 Data June 28 news, according to the Financial Times, Meta is seeking to raise $29 billion to fully advance its artificial intelligence business, for which it will turn to private capital firms to fund its data center construction in the United States. According to informed sources, Meta’s negotiations with private credit investors have made progress, with several large institutions involved in the discussions, including Apollo Global Management, KKR, Brookfield, Carlyle, and Pacific Investment Management Company. Meta hopes to raise $3 billion in equity from them, followed by $26 billion in debt. However, the company is discussing how to structure a large-scale debt fundraising, as it is considering various options to complete one of the largest private financings of this scale.