Meta, BlackRock partner on $14 billion El Paso data center
Meta Platforms and BlackRock announced a partnership to develop a $14 billion data center campus in El Paso, Texas, with BlackRock managing 80% of the venture. This investment is part of a broader trend among tech companies to secure funding for AI infrastructure, as Meta plans to invest $600 billion in data centers by 2028. The facility, already under construction, aims to provide 1 gigawatt of compute capacity and is expected to begin operations in 2028.