Latest AI News

Meta has secured $29 billion in financing for its Louisiana data center expansion, positioning itself in the AI infrastructure race. Pimco will manage $26 billion in debt financing, while Blue Owl Capital will provide $3 billion in equity. This deal follows CEO Mark Zuckerberg's commitment to invest hundreds of billions in AI data centers. Meta worked with Morgan Stanley on the fundraising process, which attracted interest from major private credit firms including Apollo Global Management and KKR & Co. This financing represents one of the largest private credit deals in technology infrastructure, reflecting the growing trend among tech giants to secure funding for AI capabilities.

Meta Platforms has secured $29 billion in financing from PIMCO ($26 billion in debt) and Blue Owl Capital ($3 billion in equity) to build a new data center in rural Louisiana. The facility will support Meta's expanding AI workloads and advanced tools. This deal represents one of the largest data center financings in the tech sector and may serve as a template for future infrastructure investments. The project demonstrates Meta's commitment to scaling its infrastructure for increasing AI and digital service demands.

Heartflow, an AI-powered cardiac diagnostic company backed by Bain Capital, raised $316.7 million in its upsized IPO, targeting a valuation up to $1.5 billion. The company priced 16.6 million shares at $19 each on August 8, 2025. This successful offering marks a revival in the medtech IPO market, supported by Heartflow's strong financial performance, innovative AI technology for coronary artery disease assessment, and expanded insurance coverage from major payers like UnitedHealthcare. Industry experts note the company's high growth potential while cautioning about market volatility.

Tesla has disbanded its Dojo supercomputer team, with program leader Peter Bannon departing and staff being reassigned to other projects. This marks a major shift in Tesla's AI strategy for autonomous driving. Around 20 Dojo workers previously left to found DensityAI. Instead of developing in-house chips, Tesla will now rely more on external partners like Nvidia, AMD, and Samsung. Despite Musk positioning Tesla as an AI and robotics company, recent robotaxi demonstrations revealed driving problems. The shutdown raises questions about Tesla's autonomous driving timeline and competitive position in AI technology.