Tech giants turn to major investors as the race to build powerful AI infrastructure drives record spending.
Image: Yahoo Finance
Meta and investment firm BlackRock have partnered on a massive $14 billion data center project in El Paso, highlighting the growing demand for infrastructure needed to power artificial intelligence systems.
The project reflects a broader industry shift as technology companies invest billions in AI-ready data centers, advanced computing equipment and energy capacity to support the rapid growth of artificial intelligence applications.
Major firms are increasingly relying on financing from institutional investors, private capital and debt markets to fund large-scale AI infrastructure projects that require enormous upfront costs.
The partnership comes amid a global race among technology companies to secure the computing power needed to develop and deploy next-generation AI models.
Analysts say the surge in AI investment is reshaping the technology sector, with data centers becoming one of the most critical assets in the race for AI leadership.
